Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) Trading Up 0.3% – Time to Buy?

Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) shares shot up 0.3% on Wednesday . The company traded as high as $39.78 and last traded at $39.69. 8,913 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 27,862 shares. The stock had previously closed at $39.56.

Simplify US Equity PLUS Downside Convexity ETF Stock Up 0.3%

The company has a market cap of $105.97 million, a price-to-earnings ratio of 28.26 and a beta of 0.74. The company’s fifty day moving average price is $39.52 and its two-hundred day moving average price is $38.40.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. AE Wealth Management LLC increased its stake in shares of Simplify US Equity PLUS Downside Convexity ETF by 6,701.7% during the 2nd quarter. AE Wealth Management LLC now owns 185,279 shares of the company’s stock worth $7,044,000 after purchasing an additional 182,555 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in Simplify US Equity PLUS Downside Convexity ETF by 70.5% during the third quarter. Commonwealth Equity Services LLC now owns 245,555 shares of the company’s stock worth $9,702,000 after purchasing an additional 101,573 shares during the period. Evolution Wealth Management Inc. acquired a new position in shares of Simplify US Equity PLUS Downside Convexity ETF during the 2nd quarter worth $3,602,000. Lloyd Advisory Services LLC. acquired a new stake in Simplify US Equity PLUS Downside Convexity ETF in the second quarter valued at approximately $1,741,000. Finally, B.O.S.S. Retirement Advisors LLC bought a new stake in shares of Simplify US Equity PLUS Downside Convexity ETF during the second quarter worth about $1,620,000.

Simplify US Equity PLUS Downside Convexity ETF Company Profile

The Simplify US Equity PLUS Downside Convexity ETF (SPD) is an exchange-traded fund that is based on the S&P 500 index. The fund is an actively managed fund-of-funds that provides exposure to US large-cap stocks while applying a downside options overlay strategy. SPD was launched on Sep 3, 2020 and is managed by Simplify.