Evolution Wealth Management Inc. Boosts Position in Simplify US Equity PLUS Convexity ETF $SPYC

Evolution Wealth Management Inc. increased its position in Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) by 931.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 69,941 shares of the company’s stock after purchasing an additional 63,159 shares during the quarter. Simplify US Equity PLUS Convexity ETF makes up 3.1% of Evolution Wealth Management Inc.’s portfolio, making the stock its 4th biggest position. Evolution Wealth Management Inc. owned 3.18% of Simplify US Equity PLUS Convexity ETF worth $2,997,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new position in shares of Simplify US Equity PLUS Convexity ETF in the 2nd quarter valued at about $48,000. Osaic Holdings Inc. bought a new position in Simplify US Equity PLUS Convexity ETF in the second quarter valued at approximately $67,000. Modern Wealth Management LLC bought a new position in Simplify US Equity PLUS Convexity ETF in the second quarter valued at approximately $230,000. LifeWealth Investments LLC acquired a new stake in Simplify US Equity PLUS Convexity ETF during the 2nd quarter worth $237,000. Finally, CWM LLC grew its stake in shares of Simplify US Equity PLUS Convexity ETF by 3.6% during the second quarter. CWM LLC now owns 7,344 shares of the company’s stock worth $303,000 after purchasing an additional 254 shares during the period.

Simplify US Equity PLUS Convexity ETF Trading Down 0.3%

NYSEARCA:SPYC opened at $43.23 on Friday. The firm has a market capitalization of $95.97 million, a price-to-earnings ratio of 26.87 and a beta of 0.98. Simplify US Equity PLUS Convexity ETF has a 1-year low of $30.67 and a 1-year high of $45.21. The business’s 50-day moving average price is $43.02 and its two-hundred day moving average price is $42.25.

Simplify US Equity PLUS Convexity ETF Profile

The Simplify US Equity PLUS Convexity ETF (SPYC) 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 the S&P 500 with a systematic options overlay strategy. The overlay strategy seeks to enhance upside potential and hedge downside risk. SPYC was launched on Sep 3, 2020 and is managed by Simplify.