Simplify Volatility Premium ETF (NYSEARCA:SVOL) Stake Lifted by Prosperity Wealth Management Inc.

Prosperity Wealth Management Inc. boosted its holdings in Simplify Volatility Premium ETF (NYSEARCA:SVOL) by 109.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,918 shares of the company’s stock after acquiring an additional 12,493 shares during the quarter. Prosperity Wealth Management Inc. owned about 0.06% of Simplify Volatility Premium ETF worth $497,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Peak Financial Advisors LLC boosted its stake in shares of Simplify Volatility Premium ETF by 1.5% during the 4th quarter. Peak Financial Advisors LLC now owns 486,861 shares of the company’s stock worth $10,122,000 after acquiring an additional 7,306 shares in the last quarter. Legacy Investment Solutions LLC purchased a new stake in shares of Simplify Volatility Premium ETF during the third quarter worth $10,595,000. Beacon Capital Management LLC bought a new position in Simplify Volatility Premium ETF during the fourth quarter valued at about $8,620,000. Cumberland Partners Ltd raised its holdings in 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 in the last quarter. Finally, Parkside Investments LLC raised its holdings in Simplify Volatility Premium ETF by 4.2% during the fourth quarter. Parkside Investments LLC now owns 317,766 shares of the company’s stock valued at $6,606,000 after buying an additional 12,781 shares in the last quarter.

Simplify Volatility Premium ETF Stock Performance

Shares of NYSEARCA:SVOL opened at $18.25 on Wednesday. The company has a market cap of $982.76 million, a P/E ratio of 26.21 and a beta of 0.55. The stock’s 50-day moving average is $20.87 and its 200-day moving average is $21.43. Simplify Volatility Premium ETF has a 52-week low of $17.98 and a 52-week high of $23.03.

Simplify Volatility Premium ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 25th were issued a dividend of $0.27 per share. The ex-dividend date was Tuesday, February 25th.

About Simplify Volatility Premium ETF

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.