Howard Bailey Securities LLC Sells 1,645 Shares of Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD)

Howard Bailey Securities LLC lessened its stake in shares of Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) by 11.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,530 shares of the company’s stock after selling 1,645 shares during the period. Howard Bailey Securities LLC’s holdings in Simplify US Equity PLUS Downside Convexity ETF were worth $418,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Ridgepath Capital Management LLC bought a new position in Simplify US Equity PLUS Downside Convexity ETF during the fourth quarter valued at approximately $9,505,000. HighTower Advisors LLC raised its position in shares of Simplify US Equity PLUS Downside Convexity ETF by 80.5% during the 3rd quarter. HighTower Advisors LLC now owns 479,052 shares of the company’s stock valued at $16,028,000 after buying an additional 213,705 shares in the last quarter. Atomi Financial Group Inc. purchased a new position in shares of Simplify US Equity PLUS Downside Convexity ETF in the 4th quarter worth approximately $1,513,000. B.O.S.S. Retirement Advisors LLC bought a new position in Simplify US Equity PLUS Downside Convexity ETF during the fourth quarter valued at $857,000. Finally, Fiduciary Alliance LLC bought a new position in Simplify US Equity PLUS Downside Convexity ETF during the 4th quarter valued at about $751,000.

Simplify US Equity PLUS Downside Convexity ETF Stock Performance

Shares of NYSEARCA SPD opened at $34.27 on Thursday. Simplify US Equity PLUS Downside Convexity ETF has a 52-week low of $29.63 and a 52-week high of $35.30. The firm has a market capitalization of $110.69 million, a price-to-earnings ratio of 25.10 and a beta of 0.90. The stock has a 50 day moving average price of $34.25 and a 200 day moving average price of $33.59.

Simplify US Equity PLUS Downside Convexity ETF Company 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.