Austin Wealth Management LLC Sells 2,848 Shares of Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD)

Austin Wealth Management LLC lowered its position in Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) by 2.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 112,777 shares of the company’s stock after selling 2,848 shares during the quarter. Austin Wealth Management LLC owned approximately 3.49% of Simplify US Equity PLUS Downside Convexity ETF worth $3,737,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of SPD. Almanack Investment Partners LLC. bought a new position in Simplify US Equity PLUS Downside Convexity ETF in the first quarter worth approximately $4,127,000. Ironsides Asset Advisors LLC boosted its position in Simplify US Equity PLUS Downside Convexity ETF by 12.4% during the 1st quarter. Ironsides Asset Advisors LLC now owns 38,833 shares of the company’s stock valued at $1,207,000 after acquiring an additional 4,295 shares in the last quarter. Axxcess Wealth Management LLC boosted its position in Simplify US Equity PLUS Downside Convexity ETF by 12.0% during the 1st quarter. Axxcess Wealth Management LLC now owns 390,278 shares of the company’s stock valued at $12,134,000 after acquiring an additional 41,682 shares in the last quarter. Kathmere Capital Management LLC boosted its position in Simplify US Equity PLUS Downside Convexity ETF by 6.0% during the 2nd quarter. Kathmere Capital Management LLC now owns 8,165 shares of the company’s stock valued at $264,000 after acquiring an additional 464 shares in the last quarter. Finally, Commonwealth Equity Services LLC bought a new stake in Simplify US Equity PLUS Downside Convexity ETF during the 2nd quarter valued at $1,743,000.

Simplify US Equity PLUS Downside Convexity ETF Price Performance

NYSEARCA SPD traded down $0.10 during midday trading on Thursday, hitting $33.65. 5,834 shares of the company traded hands, compared to its average volume of 27,187. The company has a market cap of $108.68 million, a PE ratio of 25.10 and a beta of 0.90. The company’s 50-day simple moving average is $33.11 and its 200-day simple moving average is $32.27. Simplify US Equity PLUS Downside Convexity ETF has a 52 week low of $25.50 and a 52 week high of $33.99.

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.