Fiduciary Alliance LLC Makes New $751,000 Investment in Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD)

Fiduciary Alliance LLC acquired a new position in Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 22,504 shares of the company’s stock, valued at approximately $751,000.

Several other hedge funds have also recently made changes to their positions in the business. Elevated Capital Advisors LLC boosted its holdings in Simplify US Equity PLUS Downside Convexity ETF by 84.7% in the third quarter. Elevated Capital Advisors LLC now owns 13,989 shares of the company’s stock valued at $468,000 after acquiring an additional 6,414 shares in the last quarter. Financial Enhancement Group LLC lifted its position in shares of Simplify US Equity PLUS Downside Convexity ETF by 36.2% in the 3rd quarter. Financial Enhancement Group LLC now owns 26,368 shares of the company’s stock worth $883,000 after purchasing an additional 7,002 shares during the period. Ironsides Asset Advisors LLC boosted its stake in shares of Simplify US Equity PLUS Downside Convexity ETF by 41.1% during the 3rd quarter. Ironsides Asset Advisors LLC now owns 61,083 shares of the company’s stock valued at $2,044,000 after purchasing an additional 17,800 shares in the last quarter. AE Wealth Management LLC increased its position in shares of Simplify US Equity PLUS Downside Convexity ETF by 1.6% during the second quarter. AE Wealth Management LLC now owns 139,116 shares of the company’s stock valued at $4,496,000 after buying an additional 2,207 shares during the period. Finally, HighTower Advisors LLC raised its stake in Simplify US Equity PLUS Downside Convexity ETF by 80.5% in the third quarter. HighTower Advisors LLC now owns 479,052 shares of the company’s stock worth $16,028,000 after buying an additional 213,705 shares in the last quarter.

Simplify US Equity PLUS Downside Convexity ETF Stock Performance

Simplify US Equity PLUS Downside Convexity ETF stock opened at $33.06 on Tuesday. Simplify US Equity PLUS Downside Convexity ETF has a fifty-two week low of $28.42 and a fifty-two week high of $35.24. The stock’s 50 day simple moving average is $34.31 and its two-hundred day simple moving average is $33.36. The stock has a market cap of $106.78 million, a price-to-earnings ratio of 25.10 and a beta of 0.90.

About Simplify US Equity PLUS Downside Convexity ETF

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.