Commonwealth Equity Services LLC Boosts Stock Holdings in Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD)

Commonwealth Equity Services LLC grew its position in Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) by 82.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 113,758 shares of the company’s stock after purchasing an additional 51,515 shares during the period. Commonwealth Equity Services LLC’s holdings in Simplify US Equity PLUS Downside Convexity ETF were worth $3,796,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sollinda Capital Management LLC bought a new position in shares of Simplify US Equity PLUS Downside Convexity ETF during the 4th quarter worth approximately $19,991,000. Ridgepath Capital Management LLC purchased a new stake in shares of Simplify US Equity PLUS Downside Convexity ETF during the fourth quarter valued at approximately $9,505,000. HighTower Advisors LLC lifted its holdings in Simplify US Equity PLUS Downside Convexity ETF by 80.5% during the third quarter. HighTower Advisors LLC now owns 479,052 shares of the company’s stock worth $16,028,000 after acquiring an additional 213,705 shares during the period. Ethos Financial Group LLC boosted its position in Simplify US Equity PLUS Downside Convexity ETF by 240.9% in the fourth quarter. Ethos Financial Group LLC now owns 212,366 shares of the company’s stock worth $7,087,000 after purchasing an additional 150,079 shares during the last quarter. Finally, Atomi Financial Group Inc. bought a new position in Simplify US Equity PLUS Downside Convexity ETF in the 4th quarter valued at $1,513,000.

Simplify US Equity PLUS Downside Convexity ETF Stock Performance

Shares of NYSEARCA:SPD opened at $31.96 on Tuesday. The company has a market capitalization of $103.23 million, a P/E ratio of 24.45 and a beta of 0.74. The company’s 50-day moving average is $33.43 and its 200 day moving average is $33.68. Simplify US Equity PLUS Downside Convexity ETF has a fifty-two week low of $29.70 and a fifty-two week high of $35.30.

Simplify US Equity PLUS Downside Convexity ETF 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.