Evolution Wealth Management Inc. Acquires 14,749 Shares of Simplify US Equity PLUS Downside Convexity ETF $SPD

Evolution Wealth Management Inc. increased its holdings in shares of Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) by 14.7% during the fourth quarter, HoldingsChannel reports. The fund owned 114,806 shares of the company’s stock after buying an additional 14,749 shares during the period. Simplify US Equity PLUS Downside Convexity ETF comprises approximately 3.7% of Evolution Wealth Management Inc.’s investment portfolio, making the stock its 4th biggest holding. Evolution Wealth Management Inc.’s holdings in Simplify US Equity PLUS Downside Convexity ETF were worth $4,507,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Networth Advisors LLC acquired a new position in Simplify US Equity PLUS Downside Convexity ETF during the fourth quarter worth $27,000. Kingdom Financial Group LLC. acquired a new stake in shares of Simplify US Equity PLUS Downside Convexity ETF in the fourth quarter valued at about $83,000. Great Lakes Retirement Inc. acquired a new stake in shares of Simplify US Equity PLUS Downside Convexity ETF in the third quarter valued at about $207,000. Osaic Holdings Inc. lifted its stake in shares of Simplify US Equity PLUS Downside Convexity ETF by 21.8% in the second quarter. Osaic Holdings Inc. now owns 7,218 shares of the company’s stock valued at $265,000 after purchasing an additional 1,291 shares during the period. Finally, Centennial Advisors LLC acquired a new stake in shares of Simplify US Equity PLUS Downside Convexity ETF in the fourth quarter valued at about $324,000.

Simplify US Equity PLUS Downside Convexity ETF Stock Down 0.7%

Shares of NYSEARCA SPD opened at $41.78 on Thursday. Simplify US Equity PLUS Downside Convexity ETF has a 52 week low of $35.72 and a 52 week high of $42.15. The firm has a 50-day moving average price of $39.41 and a 200 day moving average price of $39.19. The stock has a market capitalization of $113.64 million, a price-to-earnings ratio of 28.26 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.