Austin Wealth Management LLC Sells 7,186 Shares of Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD)

Austin Wealth Management LLC trimmed its position in Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) by 6.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 105,591 shares of the company’s stock after selling 7,186 shares during the quarter. Austin Wealth Management LLC’s holdings in Simplify US Equity PLUS Downside Convexity ETF were worth $3,605,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Sollinda Capital Management LLC bought a new position in Simplify US Equity PLUS Downside Convexity ETF in the fourth quarter valued at approximately $19,991,000. HighTower Advisors LLC increased its stake in Simplify US Equity PLUS Downside Convexity ETF by 10.3% in the fourth quarter. HighTower Advisors LLC now owns 528,211 shares of the company’s stock valued at $17,627,000 after acquiring an additional 49,159 shares during the last quarter. Ridgepath Capital Management LLC bought a new position in Simplify US Equity PLUS Downside Convexity ETF in the fourth quarter valued at approximately $9,505,000. Ethos Financial Group LLC increased its stake in Simplify US Equity PLUS Downside Convexity ETF by 240.9% in the fourth quarter. Ethos Financial Group LLC now owns 212,366 shares of the company’s stock valued at $7,087,000 after acquiring an additional 150,079 shares during the last quarter. Finally, Almanack Investment Partners LLC. boosted its position in Simplify US Equity PLUS Downside Convexity ETF by 4.8% in the fourth quarter. Almanack Investment Partners LLC. now owns 142,651 shares of the company’s stock valued at $4,761,000 after buying an additional 6,533 shares in the last quarter.

Simplify US Equity PLUS Downside Convexity ETF Stock Performance

Shares of NYSEARCA:SPD opened at $31.29 on Wednesday. Simplify US Equity PLUS Downside Convexity ETF has a 52 week low of $29.70 and a 52 week high of $35.30. The firm’s fifty day moving average is $33.80 and its 200-day moving average is $33.75. The firm has a market cap of $101.07 million, a PE ratio of 24.45 and a beta of 0.74.

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.