Claris Financial LLC purchased a new position in Simplify Target 15 Distribution ETF (NYSEARCA:XV – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 35,404 shares of the company’s stock, valued at approximately $898,000. Claris Financial LLC owned about 1.30% of Simplify Target 15 Distribution ETF at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Osaic Holdings Inc. bought a new stake in Simplify Target 15 Distribution ETF in the 2nd quarter worth about $25,000. NBC Securities Inc. bought a new position in Simplify Target 15 Distribution ETF during the 4th quarter valued at about $51,000. Islay Capital Management LLC bought a new position in Simplify Target 15 Distribution ETF during the 3rd quarter valued at about $74,000. Envestnet Asset Management Inc. bought a new position in Simplify Target 15 Distribution ETF during the 3rd quarter valued at about $235,000. Finally, Millington Financial Advisors LLC purchased a new stake in shares of Simplify Target 15 Distribution ETF during the 4th quarter valued at about $664,000.
Simplify Target 15 Distribution ETF Trading Up 1.0%
Shares of XV stock opened at $24.92 on Friday. The company has a 50 day moving average price of $24.58 and a 200-day moving average price of $25.00. Simplify Target 15 Distribution ETF has a 52 week low of $23.40 and a 52 week high of $27.47.
Simplify Target 15 Distribution ETF Profile
The Simplify Target 15 Distribution ETF (XV) is an actively managed exchange-traded fund that seeks to provide a 15% annualized distribution rate, paid monthly. The fund employs a strategy of selling barrier put options based on the worst-performing of three reference indices: S&P 500, Nasdaq 100, and Russell 2000. This approach aims to generate higher income levels compared to traditional fixed-income products, with defined downside risk through barrier levels. The fund offers a unique source of monthly income differentiated from traditional fixed income or volatility selling strategies.
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