Partnership Wealth Management LLC Takes $48,000 Position in Simplify Volatility Premium ETF (NYSEARCA:SVOL)

Partnership Wealth Management LLC bought a new stake in shares of Simplify Volatility Premium ETF (NYSEARCA:SVOL) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,200 shares of the company’s stock, valued at approximately $48,000.

Several other hedge funds also recently bought and sold shares of SVOL. Fortitude Family Office LLC bought a new position in shares of Simplify Volatility Premium ETF in the first quarter worth about $84,000. CAP Partners LLC bought a new position in Simplify Volatility Premium ETF in the 1st quarter worth approximately $220,000. Retirement Planning Group LLC purchased a new stake in Simplify Volatility Premium ETF during the 2nd quarter valued at approximately $436,000. CPA Asset Management LLC raised its position in shares of Simplify Volatility Premium ETF by 51.4% during the second quarter. CPA Asset Management LLC now owns 21,062 shares of the company’s stock valued at $473,000 after buying an additional 7,147 shares during the last quarter. Finally, Diversify Advisory Services LLC purchased a new position in shares of Simplify Volatility Premium ETF in the second quarter worth $539,000.

Simplify Volatility Premium ETF Stock Performance

Shares of NYSEARCA:SVOL opened at $21.52 on Wednesday. The firm has a fifty day moving average price of $22.04 and a 200 day moving average price of $22.36. Simplify Volatility Premium ETF has a fifty-two week low of $19.41 and a fifty-two week high of $23.18.

Simplify Volatility Premium ETF Profile

The Simplify Volatility Premium ETF (SVOL) is an exchange-traded fund that mostly invests in volatility alternatives. The fund is an actively managed portfolio that aims to provide income via short exposure to S&P 500 VIX short-term futures, reset daily. The fund also utilizes an option overlay strategy to protect against adverse moves in VIX.