Austin Wealth Management LLC Has $24.16 Million Stock Position in Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC)

Austin Wealth Management LLC increased its holdings in shares of Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) by 7.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 645,179 shares of the company’s stock after buying an additional 46,296 shares during the period. Simplify US Equity PLUS Convexity ETF accounts for approximately 5.3% of Austin Wealth Management LLC’s portfolio, making the stock its 5th biggest holding. Austin Wealth Management LLC owned approximately 0.33% of Simplify US Equity PLUS Convexity ETF worth $24,156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Avantax Advisory Services Inc. purchased a new position in shares of Simplify US Equity PLUS Convexity ETF in the 1st quarter worth about $234,000.

Simplify US Equity PLUS Convexity ETF Price Performance

Simplify US Equity PLUS Convexity ETF stock traded down $0.14 during mid-day trading on Thursday, reaching $38.12. The stock had a trading volume of 3,694 shares, compared to its average volume of 11,599. The company has a market capitalization of $73.58 million, a price-to-earnings ratio of 26.43 and a beta of 1.16. Simplify US Equity PLUS Convexity ETF has a one year low of $26.97 and a one year high of $38.78. The company has a 50-day moving average price of $37.38 and a two-hundred day moving average price of $36.10.

About Simplify US Equity PLUS Convexity ETF

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.