CPA Asset Management LLC Raises Position in Simplify Volatility Premium ETF (NYSEARCA:SVOL)

CPA Asset Management LLC raised its stake in shares of Simplify Volatility Premium ETF (NYSEARCA:SVOL) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,955 shares of the company’s stock after purchasing an additional 751 shares during the period. CPA Asset Management LLC’s holdings in Simplify Volatility Premium ETF were worth $810,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Sigma Planning Corp grew its stake in shares of Simplify Volatility Premium ETF by 70.4% during the fourth quarter. Sigma Planning Corp now owns 26,146 shares of the company’s stock valued at $544,000 after buying an additional 10,802 shares during the last quarter. Compass Capital Corp MA ADV bought a new position in shares of Simplify Volatility Premium ETF during the fourth quarter valued at approximately $1,002,000. Cumberland Partners Ltd grew its stake in shares of Simplify Volatility Premium ETF by 3.8% during the fourth quarter. Cumberland Partners Ltd now owns 335,148 shares of the company’s stock valued at $6,968,000 after buying an additional 12,204 shares during the last quarter. Sheaff Brock Investment Advisors LLC grew its stake in shares of Simplify Volatility Premium ETF by 6.4% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 10,000 shares of the company’s stock valued at $208,000 after buying an additional 600 shares during the last quarter. Finally, Principal Securities Inc. grew its stake in Simplify Volatility Premium ETF by 19.0% in the fourth quarter. Principal Securities Inc. now owns 71,342 shares of the company’s stock worth $1,483,000 after purchasing an additional 11,396 shares in the last quarter.

Simplify Volatility Premium ETF Stock Down 1.9 %

Shares of NYSEARCA:SVOL opened at $20.68 on Wednesday. Simplify Volatility Premium ETF has a 52-week low of $19.41 and a 52-week high of $23.03. The stock has a market cap of $1.11 billion, a P/E ratio of 26.21 and a beta of 0.55. The business’s 50 day moving average is $21.14 and its 200 day moving average is $21.62.

Simplify Volatility Premium ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 25th will be paid a $0.27 dividend. The ex-dividend date is Tuesday, February 25th.

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.