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

Magnolia Private Wealth LLC purchased a new stake in Aptus Defined Risk ETF (BATS:DRSK) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 38,600 shares of the company’s stock, valued at approximately $1,059,000. Aptus Defined Risk ETF comprises 0.6% of Magnolia Private Wealth LLC’s portfolio, making the stock its 28th largest holding. Magnolia Private Wealth LLC owned 0.19% of Aptus Defined Risk ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DRSK. Private Trust Co. NA lifted its stake in shares of Aptus Defined Risk ETF by 507.1% in the 3rd quarter. Private Trust Co. NA now owns 8,500 shares of the company’s stock valued at $241,000 after purchasing an additional 7,100 shares during the period. Comprehensive Financial Planning Inc. PA acquired a new position in Aptus Defined Risk ETF in the fourth quarter valued at about $355,000. ORG Partners LLC lifted its stake in Aptus Defined Risk ETF by 4.2% in the fourth quarter. ORG Partners LLC now owns 924,028 shares of the company’s stock valued at $25,346,000 after buying an additional 36,985 shares during the period. United Advisor Group LLC boosted its holdings in Aptus Defined Risk ETF by 27.6% during the third quarter. United Advisor Group LLC now owns 178,307 shares of the company’s stock worth $5,046,000 after buying an additional 38,586 shares during the last quarter. Finally, Sugarloaf Wealth Management LLC grew its position 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 buying an additional 40,816 shares during the period.

Aptus Defined Risk ETF Trading Up 3.9 %

Shares of DRSK stock opened at $28.15 on Wednesday. The company has a market cap of $557.29 million, a PE ratio of 1.33 and a beta of 0.51. The company has a 50 day moving average of $27.78 and a 200-day moving average of $27.94.

Aptus Defined Risk ETF Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 30th were paid a $0.3044 dividend. The ex-dividend date 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.