HighTower Advisors LLC Increases Stock Position in Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD)

HighTower Advisors LLC raised its position in shares of Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) by 10.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 528,211 shares of the company’s stock after buying an additional 49,159 shares during the quarter. HighTower Advisors LLC owned about 0.16% of Simplify US Equity PLUS Downside Convexity ETF worth $17,627,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sollinda Capital Management LLC purchased a new position in Simplify US Equity PLUS Downside Convexity ETF during the fourth quarter valued at $19,991,000. Ridgepath Capital Management LLC purchased a new position in shares of Simplify US Equity PLUS Downside Convexity ETF in the 4th quarter worth about $9,505,000. Ethos Financial Group LLC raised its position in shares of Simplify US Equity PLUS Downside Convexity ETF by 240.9% in the 4th 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. Almanack Investment Partners LLC. raised its position in shares of Simplify US Equity PLUS Downside Convexity ETF by 4.8% in the 4th quarter. Almanack Investment Partners LLC. now owns 142,651 shares of the company’s stock worth $4,761,000 after purchasing an additional 6,533 shares during the last quarter. Finally, Atomi Financial Group Inc. purchased a new position in shares of Simplify US Equity PLUS Downside Convexity ETF in the 4th quarter worth about $1,513,000.

Simplify US Equity PLUS Downside Convexity ETF Price Performance

SPD opened at $31.53 on Friday. The stock has a 50-day moving average price of $33.66 and a 200-day moving average price of $33.72. The firm has a market cap of $101.84 million, a PE ratio of 24.45 and a beta of 0.74. Simplify US Equity PLUS Downside Convexity ETF has a 1 year low of $29.70 and a 1 year high of $35.30.

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.