Aptus Collared Investment Opportunity ETF (BATS:ACIO) Stock Jumps 0.6% – Still a Buy?

Aptus Collared Investment Opportunity ETF (BATS:ACIO) shot up 0.6% during trading on Friday. The stock traded as high as $47.46 and last traded at $47.24. 97,890 shares traded hands during trading, a decline of 30% from the average session volume of 140,117 shares. The stock had previously closed at $46.96.

Aptus Collared Investment Opportunity ETF Price Performance

The firm has a market capitalization of $2.22 billion, a P/E ratio of 25.77 and a beta of 0.65. The company’s 50-day simple moving average is $46.89 and its two-hundred day simple moving average is $45.77.

Institutional Investors Weigh In On Aptus Collared Investment Opportunity ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CoreFirst Bank & Trust boosted its stake in Aptus Collared Investment Opportunity ETF by 30.4% in the 1st quarter. CoreFirst Bank & Trust now owns 157,857 shares of the company’s stock worth $6,624,000 after purchasing an additional 36,792 shares during the period. Valeo Financial Advisors LLC bought a new stake in Aptus Collared Investment Opportunity ETF in the second quarter worth $526,000. Bank of New York Mellon Corp bought a new position in Aptus Collared Investment Opportunity ETF during the first quarter valued at $364,000. Compass Financial Management LLC purchased a new position in shares of Aptus Collared Investment Opportunity ETF in the 2nd quarter worth $74,000. Finally, Advisors Preferred LLC increased its holdings in shares of Aptus Collared Investment Opportunity ETF by 1,078.5% in the 1st quarter. Advisors Preferred LLC now owns 1,532 shares of the company’s stock worth $64,000 after buying an additional 1,402 shares during the last quarter.

Aptus Collared Investment Opportunity ETF Company Profile

The Aptus Collared Income Opportunity ETF (ACIO) is an exchange-traded fund that is based on the NYSE Multi-Asset High Income index. The fund is an actively-managed portfolio of US large cap equities as well as corresponding options collars for those constituents. ACIO was launched on Jul 10, 2019 and is managed by Aptus.