Entrewealth LLC Buys New Shares in Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC)

Entrewealth LLC purchased a new position in shares of Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 165,831 shares of the company’s stock, valued at approximately $6,207,000. Simplify US Equity PLUS Convexity ETF comprises approximately 5.8% of Entrewealth LLC’s investment portfolio, making the stock its 6th largest holding. Entrewealth LLC owned about 0.09% of Simplify US Equity PLUS Convexity 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 SPYC. Empowered Funds LLC bought a new stake in Simplify US Equity PLUS Convexity ETF in the 4th quarter worth approximately $61,000. Fiduciary Alliance LLC bought a new stake in shares of Simplify US Equity PLUS Convexity ETF in the 4th quarter worth approximately $553,000. Austin Wealth Management LLC boosted its stake in shares of Simplify US Equity PLUS Convexity ETF by 3.7% in the 4th quarter. Austin Wealth Management LLC now owns 668,803 shares of the company’s stock valued at $25,792,000 after purchasing an additional 23,624 shares in the last quarter. Noble Wealth Management PBC purchased a new stake in shares of Simplify US Equity PLUS Convexity ETF in the 4th quarter valued at $550,000. Finally, Integrated Wealth Concepts LLC raised its position in Simplify US Equity PLUS Convexity ETF by 3.0% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 288,311 shares of the company’s stock worth $10,889,000 after purchasing an additional 8,345 shares during the period.

Simplify US Equity PLUS Convexity ETF Stock Up 0.7 %

NYSEARCA SPYC opened at $35.38 on Tuesday. The company has a 50-day simple moving average of $37.74 and a two-hundred day simple moving average of $38.06. Simplify US Equity PLUS Convexity ETF has a 12-month low of $32.38 and a 12-month high of $40.43. The firm has a market cap of $66.51 million, a price-to-earnings ratio of 23.99 and a beta of 0.99.

Simplify US Equity PLUS Convexity ETF Company 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.