Aptus Defined Risk ETF (BATS:DRSK) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Aptus Defined Risk ETF (BATS:DRSK)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $27.52 and traded as high as $28.68. Aptus Defined Risk ETF shares last traded at $27.61, with a volume of 131,612 shares changing hands.

Aptus Defined Risk ETF Stock Performance

The company has a market capitalization of $546.88 million, a price-to-earnings ratio of 1.33 and a beta of 0.51. The stock’s 50-day moving average price is $28.09 and its 200-day moving average price is $27.54.

Institutional Investors Weigh In On Aptus Defined Risk ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. ORG Partners LLC bought a new stake in Aptus Defined Risk ETF in the second quarter valued at about $20,940,000. Park Place Capital Corp grew its stake in Aptus Defined Risk ETF by 84.3% during the 2nd quarter. Park Place Capital Corp now owns 332,443 shares of the company’s stock worth $8,986,000 after buying an additional 152,056 shares during the last quarter. United Advisor Group LLC increased its holdings in shares of Aptus Defined Risk ETF by 27.6% in the 3rd quarter. United Advisor Group LLC now owns 178,307 shares of the company’s stock worth $5,046,000 after acquiring an additional 38,586 shares during the period. Sugarloaf Wealth Management LLC boosted its stake in Aptus Defined Risk ETF by 1.3% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 2,339,421 shares of the company’s stock valued at $66,206,000 after purchasing an additional 30,794 shares during the period. Finally, Maripau Wealth Management LLC grew its position in Aptus Defined Risk ETF by 59.0% in the 3rd quarter. Maripau Wealth Management LLC now owns 81,394 shares of the company’s stock worth $2,303,000 after purchasing an additional 30,202 shares during 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.