Millington Financial Advisors LLC acquired a new stake in Simplify Target 15 Distribution ETF (NYSEARCA:XV – Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 26,420 shares of the company’s stock, valued at approximately $664,000. Millington Financial Advisors LLC owned approximately 0.97% of Simplify Target 15 Distribution ETF at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in XV. Osaic Holdings Inc. bought a new stake in shares of Simplify Target 15 Distribution ETF in the second quarter valued at about $25,000. NBC Securities Inc. bought a new position in Simplify Target 15 Distribution ETF during the fourth quarter worth about $51,000. Islay Capital Management LLC bought a new position in Simplify Target 15 Distribution ETF during the third quarter worth about $74,000. Envestnet Asset Management Inc. acquired a new stake in Simplify Target 15 Distribution ETF in the 3rd quarter worth about $235,000. Finally, Brookwood Investment Group LLC raised its stake in Simplify Target 15 Distribution ETF by 32.9% in the 4th quarter. Brookwood Investment Group LLC now owns 42,911 shares of the company’s stock worth $1,089,000 after purchasing an additional 10,616 shares in the last quarter.
Simplify Target 15 Distribution ETF Stock Performance
Shares of NYSEARCA:XV opened at $24.52 on Thursday. Simplify Target 15 Distribution ETF has a 12-month low of $23.40 and a 12-month high of $27.47. The company’s 50 day moving average price is $24.35 and its two-hundred day moving average price is $25.20.
Simplify Target 15 Distribution ETF Company Profile
The Simplify Target 15 Distribution ETF (XV) is an actively managed exchange-traded fund that seeks to provide a 15% annualized distribution rate, paid monthly. The fund employs a strategy of selling barrier put options based on the worst-performing of three reference indices: S&P 500, Nasdaq 100, and Russell 2000. This approach aims to generate higher income levels compared to traditional fixed-income products, with defined downside risk through barrier levels. The fund offers a unique source of monthly income differentiated from traditional fixed income or volatility selling strategies.
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