Simplify Asset Management Inc. Invests $960,000 in Simplify NEXT Intangible Value Index ETF (BATS:NXTV)

Simplify Asset Management Inc. bought a new position in shares of Simplify NEXT Intangible Value Index ETF (BATS:NXTV) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 36,956 shares of the company’s stock, valued at approximately $960,000. Simplify Asset Management Inc. owned approximately 36.96% of Simplify NEXT Intangible Value Index ETF at the end of the most recent quarter.

Simplify NEXT Intangible Value Index ETF Stock Performance

Shares of NXTV stock opened at $27.42 on Friday. The stock’s 50-day moving average price is $26.45.

Simplify NEXT Intangible Value Index ETF Company Profile

The Simplify Next Intangible Value Index ETF (NXTV) is an exchange-traded fund that is based on the Next Intangible Value index. The fund tracks a market cap-weighted index of 200 US companies that exhibit low equity valuations relative to their intangible-adjusted book values within their respective sectors.