Aptus Collared Investment Opportunity ETF (BATS:ACIO) Trading 17.5% Higher – Should You Buy?

Shares of Aptus Collared Investment Opportunity ETF (BATS:ACIO) were up 17.5% during trading on Monday . The stock traded as high as $37.77 and last traded at $43.89. Approximately 477,309 shares traded hands during mid-day trading, an increase of 183% from the average daily volume of 168,892 shares. The stock had previously closed at $37.36.

Aptus Collared Investment Opportunity ETF Trading Up 17.5%

The stock has a market cap of $2.07 billion, a P/E ratio of 25.77 and a beta of 0.65. The company’s fifty day simple moving average is $43.75 and its 200-day simple moving average is $42.70.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rollins Financial Advisors LLC bought a new stake in shares of Aptus Collared Investment Opportunity ETF in the 1st quarter valued at approximately $250,000. Virtue Capital Management LLC boosted its stake in Aptus Collared Investment Opportunity ETF by 78.9% in the 2nd quarter. Virtue Capital Management LLC now owns 15,393 shares of the company’s stock valued at $637,000 after buying an additional 6,791 shares in the last quarter. Park Place Capital Corp grew its position in Aptus Collared Investment Opportunity ETF by 11.8% in the second quarter. Park Place Capital Corp now owns 852,039 shares of the company’s stock valued at $35,257,000 after acquiring an additional 89,943 shares during the period. Farther Finance Advisors LLC raised its stake in Aptus Collared Investment Opportunity ETF by 142.9% during the second quarter. Farther Finance Advisors LLC now owns 20,308 shares of the company’s stock worth $841,000 after acquiring an additional 11,947 shares in the last quarter. Finally, Integrated Wealth Concepts LLC raised its stake in Aptus Collared Investment Opportunity ETF by 2.4% during the first quarter. Integrated Wealth Concepts LLC now owns 5,411,427 shares of the company’s stock worth $209,368,000 after acquiring an additional 126,743 shares in 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.