HighTower Advisors LLC Invests $277,000 in Simplify Volatility Premium ETF (NYSEARCA:SVOL)

HighTower Advisors LLC acquired a new stake in Simplify Volatility Premium ETF (NYSEARCA:SVOL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 13,321 shares of the company’s stock, valued at approximately $277,000.

A number of other institutional investors have also modified their holdings of the company. Legacy Investment Solutions LLC acquired a new position in shares of Simplify Volatility Premium ETF during the 3rd quarter valued at $10,595,000. Fiduciary Alliance LLC bought a new stake in Simplify Volatility Premium ETF in the fourth quarter valued at about $825,000. Elevated Capital Advisors LLC acquired a new stake in shares of Simplify Volatility Premium ETF during the 4th quarter valued at approximately $1,037,000. Peak Financial Advisors LLC raised its holdings in shares of Simplify Volatility Premium ETF by 1.5% during the fourth quarter. Peak Financial Advisors LLC now owns 486,861 shares of the company’s stock worth $10,122,000 after purchasing an additional 7,306 shares during the period. Finally, Decker Retirement Planning Inc. bought a new position in Simplify Volatility Premium ETF in the fourth quarter worth about $73,000.

Simplify Volatility Premium ETF Trading Up 1.4 %

SVOL opened at $18.56 on Thursday. Simplify Volatility Premium ETF has a twelve month low of $17.53 and a twelve month high of $23.03. The stock has a market cap of $1.02 billion, a PE ratio of 23.10 and a beta of 0.61. The business’s 50 day moving average is $20.13 and its 200-day moving average is $21.03.

Simplify Volatility Premium ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th were issued a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, March 26th.

Simplify Volatility Premium ETF Company 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.