Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) Shares Sold by Financial Enhancement Group LLC

Financial Enhancement Group LLC decreased its position in shares of Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) by 52.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 270,925 shares of the company’s stock after selling 294,136 shares during the quarter. Simplify US Equity PLUS Convexity ETF makes up about 1.5% of Financial Enhancement Group LLC’s portfolio, making the stock its 24th biggest holding. Financial Enhancement Group LLC owned approximately 0.14% of Simplify US Equity PLUS Convexity ETF worth $10,073,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Fiduciary Alliance LLC acquired a new stake in shares of Simplify US Equity PLUS Convexity ETF during the 4th quarter worth approximately $553,000. Integrated Wealth Concepts LLC lifted its holdings in Simplify US Equity PLUS Convexity ETF by 3.0% in the third quarter. Integrated Wealth Concepts LLC now owns 288,311 shares of the company’s stock valued at $10,889,000 after acquiring an additional 8,345 shares during the last quarter. Finally, Austin Wealth Management LLC grew its position in Simplify US Equity PLUS Convexity ETF by 7.7% in the third quarter. Austin Wealth Management LLC now owns 645,179 shares of the company’s stock worth $24,156,000 after acquiring an additional 46,296 shares during the period.

Simplify US Equity PLUS Convexity ETF Trading Up 2.4 %

Shares of NYSEARCA:SPYC opened at $38.07 on Thursday. The company has a market capitalization of $73.48 million, a price-to-earnings ratio of 26.43 and a beta of 1.16. Simplify US Equity PLUS Convexity ETF has a 12-month low of $30.42 and a 12-month high of $40.43. The business has a 50-day moving average price of $38.88 and a 200 day moving average price of $37.67.

Simplify US Equity PLUS Convexity ETF 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.