Fiduciary Alliance LLC Takes Position in Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC)

Fiduciary Alliance LLC acquired a new position in Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,788 shares of the company’s stock, valued at approximately $553,000. Fiduciary Alliance LLC owned approximately 0.77% of Simplify US Equity PLUS Convexity ETF at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of SPYC. Integrated Wealth Concepts LLC raised its holdings 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 acquiring an additional 8,345 shares during the period. Austin Wealth Management LLC grew its position in shares of 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 valued at $24,156,000 after purchasing an additional 46,296 shares during the last quarter. Finally, Financial Enhancement Group LLC increased its stake in shares of Simplify US Equity PLUS Convexity ETF by 110.8% in the third quarter. Financial Enhancement Group LLC now owns 565,061 shares of the company’s stock worth $21,342,000 after purchasing an additional 296,991 shares during the period.

Simplify US Equity PLUS Convexity ETF Stock Down 0.1 %

Shares of NYSEARCA:SPYC opened at $37.16 on Wednesday. The company has a market cap of $71.72 million, a price-to-earnings ratio of 26.43 and a beta of 1.16. 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 has a twelve month low of $30.42 and a twelve month high of $40.43.

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.