Magnolia Private Wealth LLC Takes Position in Aptus Defined Risk ETF (BATS:DRSK)

Magnolia Private Wealth LLC bought a new stake in Aptus Defined Risk ETF (BATS:DRSK) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 38,600 shares of the company’s stock, valued at approximately $1,059,000. Aptus Defined Risk ETF accounts for about 0.6% of Magnolia Private Wealth LLC’s investment portfolio, making the stock its 28th biggest holding.

Other institutional investors and hedge funds also recently modified their holdings of the company. Park Place Capital Corp increased its position in Aptus Defined Risk ETF by 32.9% during the fourth quarter. Park Place Capital Corp now owns 494,580 shares of the company’s stock worth $13,566,000 after buying an additional 122,330 shares during the last quarter. Sugarloaf Wealth Management LLC boosted its stake in shares of Aptus Defined Risk ETF by 1.7% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,380,237 shares of the company’s stock worth $65,290,000 after acquiring an additional 40,816 shares during the period. United Advisor Group LLC increased its holdings in shares of Aptus Defined Risk ETF by 27.6% during 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 last quarter. ORG Partners LLC raised its stake in Aptus Defined Risk ETF by 4.2% in the 4th quarter. ORG Partners LLC now owns 924,028 shares of the company’s stock valued at $25,346,000 after acquiring an additional 36,985 shares during the period. Finally, Comprehensive Financial Planning Inc. PA acquired a new stake in Aptus Defined Risk ETF during the 4th quarter valued at $355,000.

Aptus Defined Risk ETF Stock Performance

DRSK stock opened at $28.15 on Wednesday. The company has a market capitalization of $557.29 million, a PE ratio of 1.33 and a beta of 0.51. The stock’s 50 day moving average is $27.78 and its two-hundred day moving average is $27.94.

Aptus Defined Risk ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 30th were issued a dividend of $0.3044 per share. The ex-dividend date of this dividend was Monday, December 30th.

Aptus Defined Risk ETF 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.