Aptus Defined Risk ETF (BATS:DRSK) Sets New 1-Year Low – Here’s Why

Aptus Defined Risk ETF (BATS:DRSK)’s share price reached a new 52-week low on Tuesday. The stock traded as low as $27.10 and last traded at $27.12, with a volume of 5122 shares changing hands. The stock had previously closed at $27.44.

Aptus Defined Risk ETF Price Performance

The business’s 50 day simple moving average is $28.30 and its 200 day simple moving average is $28.47. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 26.47 and a beta of 0.37.

Institutional Investors Weigh In On Aptus Defined Risk ETF

Institutional investors have recently made changes to their positions in the stock. Compass Financial Management LLC acquired a new stake in Aptus Defined Risk ETF in the 2nd quarter valued at about $103,000. Valeo Financial Advisors LLC acquired a new stake in Aptus Defined Risk ETF in the 2nd quarter worth about $408,000. Finally, Parallel Advisors LLC grew its holdings in Aptus Defined Risk ETF by 3.7% in the 4th quarter. Parallel Advisors LLC now owns 15,699 shares of the company’s stock valued at $447,000 after buying an additional 565 shares during the period.

Aptus Defined Risk ETF Company Profile

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.