Financial Enhancement Group LLC Has $21.34 Million Stake in Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC)

Financial Enhancement Group LLC grew its stake in shares of Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) by 110.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 565,061 shares of the company’s stock after buying an additional 296,991 shares during the quarter. Simplify US Equity PLUS Convexity ETF accounts for approximately 3.8% of Financial Enhancement Group LLC’s portfolio, making the stock its 5th largest holding. Financial Enhancement Group LLC owned about 29.28% of Simplify US Equity PLUS Convexity ETF worth $21,342,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Avantax Advisory Services Inc. purchased a new stake in shares of Simplify US Equity PLUS Convexity ETF during the first quarter valued at approximately $234,000. Commonwealth Equity Services LLC boosted its position in Simplify US Equity PLUS Convexity ETF by 33.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 223,278 shares of the company’s stock valued at $8,089,000 after buying an additional 56,101 shares during the period. Finally, Austin Wealth Management LLC grew its holdings in Simplify US Equity PLUS Convexity ETF by 0.7% in the 1st quarter. Austin Wealth Management LLC now owns 577,391 shares of the company’s stock worth $20,175,000 after acquiring an additional 3,838 shares during the last quarter.

Simplify US Equity PLUS Convexity ETF Trading Up 3.4 %

SPYC stock opened at $39.13 on Thursday. The stock has a market capitalization of $75.52 million, a price-to-earnings ratio of 26.43 and a beta of 1.16. The firm’s 50-day moving average price is $37.42 and its two-hundred day moving average price is $36.25. Simplify US Equity PLUS Convexity ETF has a 12-month low of $28.01 and a 12-month high of $39.13.

Simplify US Equity PLUS Convexity ETF Company Profile

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.