Aptus Defined Risk ETF (BATS:DRSK) Trading Up 4.6% – Time to Buy?

Aptus Defined Risk ETF (BATS:DRSK) was up 4.6% during trading on Friday . The stock traded as high as $27.50 and last traded at $28.34. Approximately 205,212 shares were traded during trading, an increase of 7% from the average daily volume of 192,479 shares. The stock had previously closed at $27.10.

Aptus Defined Risk ETF Stock Performance

The firm’s 50 day simple moving average is $28.20 and its 200 day simple moving average is $27.80. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 26.47 and a beta of 0.37.

Hedge Funds Weigh In On Aptus Defined Risk ETF

Several institutional investors have recently made changes to their positions in DRSK. Mascagni Wealth Management Inc. purchased a new position in shares of Aptus Defined Risk ETF during the 4th quarter valued at approximately $70,000. Pandora Wealth Inc. purchased a new stake in Aptus Defined Risk ETF in the 1st quarter worth $7,518,000. Park Place Capital Corp increased its holdings in Aptus Defined Risk ETF by 6.9% in the 1st quarter. Park Place Capital Corp now owns 528,572 shares of the company’s stock worth $14,414,000 after acquiring an additional 33,992 shares in the last quarter. Waterloo Capital L.P. increased its holdings in Aptus Defined Risk ETF by 5.2% in the 4th quarter. Waterloo Capital L.P. now owns 562,802 shares of the company’s stock worth $15,438,000 after acquiring an additional 27,648 shares in the last quarter. Finally, Integrated Wealth Concepts LLC increased its holdings in Aptus Defined Risk ETF by 22.2% in the 4th quarter. Integrated Wealth Concepts LLC now owns 4,250,236 shares of the company’s stock worth $116,584,000 after acquiring an additional 771,166 shares in the last quarter.

About Aptus Defined Risk ETF

The Aptus Defined Risk ETF (DRSK) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively-managed fund that combines US corporate bond exposure with an overlay of call options on US large-cap stocks. The fund seeks income and capital appreciation. DRSK was launched on Aug 8, 2018 and is managed by Aptus.