Drive Wealth Management LLC Takes Position in Simplify Multi-QIS Alternative ETF $QIS

Drive Wealth Management LLC purchased a new stake in Simplify Multi-QIS Alternative ETF (NYSEARCA:QIS) in the second quarter, HoldingsChannel reports. The fund purchased 10,693 shares of the company’s stock, valued at approximately $235,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in QIS. Twelve Points Wealth Management LLC raised its position in Simplify Multi-QIS Alternative ETF by 6.3% during the second quarter. Twelve Points Wealth Management LLC now owns 44,328 shares of the company’s stock valued at $975,000 after purchasing an additional 2,620 shares during the period. Jane Street Group LLC increased its position in shares of Simplify Multi-QIS Alternative ETF by 75.8% during the 1st quarter. Jane Street Group LLC now owns 28,088 shares of the company’s stock valued at $652,000 after purchasing an additional 12,113 shares during the last quarter. Altiora Financial Group LLC purchased a new stake in Simplify Multi-QIS Alternative ETF during the 1st quarter valued at $608,000. Envestnet Asset Management Inc. bought a new stake in Simplify Multi-QIS Alternative ETF in the first quarter worth $642,000. Finally, Financial Enhancement Group LLC boosted its stake in Simplify Multi-QIS Alternative ETF by 54.2% during the first quarter. Financial Enhancement Group LLC now owns 83,930 shares of the company’s stock worth $1,948,000 after buying an additional 29,510 shares during the period.

Simplify Multi-QIS Alternative ETF Trading Up 0.8%

QIS stock opened at $19.19 on Tuesday. Simplify Multi-QIS Alternative ETF has a twelve month low of $18.82 and a twelve month high of $25.54. The firm’s fifty day simple moving average is $19.59 and its two-hundred day simple moving average is $20.91.

Simplify Multi-QIS Alternative ETF Profile

The Simplify Multi-QIS Alternative ETF (QIS) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund aims to provide positive absolute returns and income using quantitative investment strategies to invest across equities, interest rates, commodities, and currencies through total return swaps.