Axxcess Wealth Management LLC Buys New Position in Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD)

Axxcess Wealth Management LLC bought a new stake in shares of Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 284,816 shares of the company’s stock, valued at approximately $9,505,000. Axxcess Wealth Management LLC owned 8.82% of Simplify US Equity PLUS Downside Convexity ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC purchased a new position in Simplify US Equity PLUS Downside Convexity ETF during the 4th quarter valued at about $73,000. Elevated Capital Advisors LLC raised its position in Simplify US Equity PLUS Downside Convexity ETF by 26.7% in the 4th quarter. Elevated Capital Advisors LLC now owns 17,721 shares of the company’s stock valued at $591,000 after purchasing an additional 3,732 shares in the last quarter. Almanack Investment Partners LLC. raised its position in Simplify US Equity PLUS Downside Convexity ETF by 4.8% in the 4th quarter. Almanack Investment Partners LLC. now owns 142,651 shares of the company’s stock valued at $4,761,000 after purchasing an additional 6,533 shares in the last quarter. Ironsides Asset Advisors LLC raised its position in Simplify US Equity PLUS Downside Convexity ETF by 29.5% in the 4th quarter. Ironsides Asset Advisors LLC now owns 79,133 shares of the company’s stock valued at $2,641,000 after purchasing an additional 18,050 shares in the last quarter. Finally, Fiduciary Alliance LLC acquired a new stake in Simplify US Equity PLUS Downside Convexity ETF in the 4th quarter valued at about $751,000.

Simplify US Equity PLUS Downside Convexity ETF Price Performance

SPD stock opened at $31.69 on Tuesday. The firm has a market capitalization of $102.36 million, a P/E ratio of 24.45 and a beta of 0.74. The business’s 50-day moving average is $33.61 and its two-hundred day moving average is $33.72. Simplify US Equity PLUS Downside Convexity ETF has a 1 year low of $29.70 and a 1 year high of $35.30.

Simplify US Equity PLUS Downside Convexity ETF Profile

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.