Elevated Capital Advisors LLC Boosts Stake in Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD)

Elevated Capital Advisors LLC lifted its holdings in shares of Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) by 26.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,721 shares of the company’s stock after purchasing an additional 3,732 shares during the quarter. Elevated Capital Advisors LLC owned about 0.55% of Simplify US Equity PLUS Downside Convexity ETF worth $591,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fiduciary Alliance LLC purchased a new stake in Simplify US Equity PLUS Downside Convexity ETF in the fourth quarter valued at approximately $751,000. Financial Enhancement Group LLC grew its stake in shares of Simplify US Equity PLUS Downside Convexity ETF by 36.2% in the third quarter. Financial Enhancement Group LLC now owns 26,368 shares of the company’s stock valued at $883,000 after buying an additional 7,002 shares in the last quarter. Ironsides Asset Advisors LLC raised its holdings in shares of Simplify US Equity PLUS Downside Convexity ETF by 41.1% in the 3rd quarter. Ironsides Asset Advisors LLC now owns 61,083 shares of the company’s stock valued at $2,044,000 after buying an additional 17,800 shares during the period. AE Wealth Management LLC lifted its stake in Simplify US Equity PLUS Downside Convexity ETF by 1.6% during the 2nd quarter. AE Wealth Management LLC now owns 139,116 shares of the company’s stock worth $4,496,000 after acquiring an additional 2,207 shares in the last quarter. Finally, HighTower Advisors LLC boosted its holdings in Simplify US Equity PLUS Downside Convexity ETF by 80.5% during the 3rd quarter. HighTower Advisors LLC now owns 479,052 shares of the company’s stock valued at $16,028,000 after acquiring an additional 213,705 shares during the period.

Simplify US Equity PLUS Downside Convexity ETF Stock Performance

Shares of SPD opened at $33.06 on Tuesday. The company’s 50-day simple moving average is $34.31 and its 200-day simple moving average is $33.36. Simplify US Equity PLUS Downside Convexity ETF has a 1 year low of $28.42 and a 1 year high of $35.24. The stock has a market capitalization of $106.78 million, a PE ratio of 25.10 and a beta of 0.90.

About Simplify US Equity PLUS Downside Convexity ETF

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.