Financial Enhancement Group LLC Makes New Investment in Simplify Multi-QIS Alternative ETF (NYSEARCA:QIS)

Financial Enhancement Group LLC purchased a new stake in shares of Simplify Multi-QIS Alternative ETF (NYSEARCA:QIS) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 23,421 shares of the company’s stock, valued at approximately $589,000. Financial Enhancement Group LLC owned about 0.52% of Simplify Multi-QIS Alternative ETF at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in QIS. Avantax Advisory Services Inc. lifted its stake in Simplify Multi-QIS Alternative ETF by 51.4% in the fourth quarter. Avantax Advisory Services Inc. now owns 22,741 shares of the company’s stock valued at $562,000 after acquiring an additional 7,718 shares during the last quarter. Richard P Slaughter Associates Inc lifted its stake in shares of Simplify Multi-QIS Alternative ETF by 115.1% in the 1st quarter. Richard P Slaughter Associates Inc now owns 27,769 shares of the company’s stock valued at $705,000 after purchasing an additional 14,859 shares during the last quarter. Park Edge Advisors LLC boosted its holdings in Simplify Multi-QIS Alternative ETF by 5.3% in the first quarter. Park Edge Advisors LLC now owns 41,915 shares of the company’s stock worth $1,064,000 after purchasing an additional 2,102 shares in the last quarter. Finally, Hobbs Group Advisors LLC acquired a new position in Simplify Multi-QIS Alternative ETF during the second quarter worth $195,000.

Simplify Multi-QIS Alternative ETF Price Performance

Shares of NYSEARCA:QIS traded up $0.15 on Wednesday, reaching $24.99. The company had a trading volume of 7,061 shares, compared to its average volume of 7,847. The stock has a 50-day moving average price of $25.06 and a 200 day moving average price of $25.22. Simplify Multi-QIS Alternative ETF has a twelve month low of $23.39 and a twelve month high of $26.55.

Simplify Multi-QIS Alternative ETF Profile

The Simplify Multi-QIS Alternative ETF (QIS) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund aims to provide positive absolute returns and income using quantitative investment strategies to invest across equities, interest rates, commodities, and currencies through total return swaps.