Key Capital Management INC Takes $2.59 Million Position in Simplify Volatility Premium ETF $SVOL

Key Capital Management INC acquired a new position in Simplify Volatility Premium ETF (NYSEARCA:SVOL) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 147,552 shares of the company’s stock, valued at approximately $2,591,000. Simplify Volatility Premium ETF accounts for 2.6% of Key Capital Management INC’s portfolio, making the stock its 7th biggest holding.

Several other institutional investors have also recently made changes to their positions in SVOL. Root Financial Partners LLC acquired a new position in Simplify Volatility Premium ETF during the third quarter valued at $50,000. Farther Finance Advisors LLC grew its position in Simplify Volatility Premium ETF by 51.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,399 shares of the company’s stock worth $61,000 after purchasing an additional 1,155 shares during the period. Advisor OS LLC purchased a new position in shares of Simplify Volatility Premium ETF during the 3rd quarter valued at about $181,000. Koshinski Asset Management Inc. acquired a new position in shares of Simplify Volatility Premium ETF in the 3rd quarter valued at about $181,000. Finally, Wealthcare Advisory Partners LLC acquired a new position in shares of Simplify Volatility Premium ETF in the 3rd quarter valued at about $270,000.

Simplify Volatility Premium ETF Price Performance

Shares of SVOL opened at $15.99 on Friday. The company has a market capitalization of $599.15 million, a price-to-earnings ratio of 25.19 and a beta of 0.66. Simplify Volatility Premium ETF has a 52 week low of $14.40 and a 52 week high of $20.06. The stock’s 50-day moving average price is $16.21 and its 200-day moving average price is $17.14.

Simplify Volatility Premium ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Tuesday, February 24th were issued a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, February 24th. This represents a c) dividend on an annualized basis and a yield of 22.5%.

About Simplify Volatility Premium ETF

The Simplify Volatility Premium ETF (SVOL) is an exchange-traded fund that mostly invests in volatility alternatives. The fund is an actively managed portfolio that aims to provide income via short exposure to S&P 500 VIX short-term futures, reset daily. The fund also utilizes an option overlay strategy to protect against adverse moves in VIX. SVOL was launched on May 12, 2021 and is managed by Simplify.