Austin Wealth Management LLC Cuts Stock Holdings in Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD)

Austin Wealth Management LLC reduced its position in shares of Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) by 6.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 115,497 shares of the company’s stock after selling 7,401 shares during the period. Austin Wealth Management LLC owned approximately 2.72% of Simplify US Equity PLUS Downside Convexity ETF worth $3,477,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Dynamic Advisor Solutions LLC grew its position in shares of Simplify US Equity PLUS Downside Convexity ETF by 61.1% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 27,139 shares of the company’s stock valued at $768,000 after purchasing an additional 10,296 shares during the last quarter. Financial Enhancement Group LLC grew its position in shares of Simplify US Equity PLUS Downside Convexity ETF by 4.3% in the fourth quarter. Financial Enhancement Group LLC now owns 18,964 shares of the company’s stock valued at $542,000 after purchasing an additional 781 shares during the last quarter. Great Lakes Retirement Inc. acquired a new stake in shares of Simplify US Equity PLUS Downside Convexity ETF in the fourth quarter valued at approximately $371,000. B.O.S.S. Retirement Advisors LLC acquired a new stake in shares of Simplify US Equity PLUS Downside Convexity ETF in the fourth quarter valued at approximately $671,000. Finally, Pathway Financial Advisors LLC acquired a new stake in shares of Simplify US Equity PLUS Downside Convexity ETF in the fourth quarter valued at approximately $204,000.

Simplify US Equity PLUS Downside Convexity ETF Price Performance

SPD stock opened at $32.36 on Friday. Simplify US Equity PLUS Downside Convexity ETF has a 12 month low of $25.37 and a 12 month high of $32.39. The company’s 50 day simple moving average is $31.09 and its 200-day simple moving average is $30.15. The firm has a market capitalization of $104.51 million, a PE 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.