Austin Wealth Management LLC Has $36.44 Million Position in Simplify US Equity PLUS Convexity ETF $SPYC

Austin Wealth Management LLC raised its position in shares of Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) by 3.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 854,718 shares of the company’s stock after purchasing an additional 30,314 shares during the period. Simplify US Equity PLUS Convexity ETF comprises about 5.7% of Austin Wealth Management LLC’s investment portfolio, making the stock its 2nd largest position. Austin Wealth Management LLC owned about 0.39% of Simplify US Equity PLUS Convexity ETF worth $36,437,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AE Wealth Management LLC bought a new position in shares of Simplify US Equity PLUS Convexity ETF during the second quarter valued at approximately $4,818,000. Evolution Wealth Management Inc. grew its stake in shares of Simplify US Equity PLUS Convexity ETF by 931.3% in the 3rd quarter. Evolution Wealth Management Inc. now owns 69,941 shares of the company’s stock worth $2,997,000 after buying an additional 63,159 shares during the last quarter. Entrewealth LLC increased its position in Simplify US Equity PLUS Convexity ETF by 8.5% during the 2nd quarter. Entrewealth LLC now owns 198,466 shares of the company’s stock valued at $8,201,000 after buying an additional 15,632 shares in the last quarter. CWM LLC raised its stake in Simplify US Equity PLUS Convexity ETF by 119.2% during the third quarter. CWM LLC now owns 16,096 shares of the company’s stock valued at $690,000 after buying an additional 8,752 shares during the last quarter. Finally, LifeWealth Investments LLC purchased a new position in Simplify US Equity PLUS Convexity ETF during the second quarter valued at $237,000.

Simplify US Equity PLUS Convexity ETF Trading Up 2.5%

Simplify US Equity PLUS Convexity ETF stock opened at $42.81 on Friday. Simplify US Equity PLUS Convexity ETF has a 12 month low of $30.67 and a 12 month high of $45.21. The company has a market capitalization of $97.61 million, a price-to-earnings ratio of 26.87 and a beta of 0.98. The business’s fifty day simple moving average is $43.02 and its two-hundred day simple moving average is $42.56.

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.