Ironsides Asset Advisors LLC Has $2.64 Million Stock Position in Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD)

Ironsides Asset Advisors LLC boosted its stake in shares of Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) by 29.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 79,133 shares of the company’s stock after purchasing an additional 18,050 shares during the quarter. Simplify US Equity PLUS Downside Convexity ETF accounts for about 0.8% of Ironsides Asset Advisors LLC’s holdings, making the stock its 19th biggest position. Ironsides Asset Advisors LLC’s holdings in Simplify US Equity PLUS Downside Convexity ETF were worth $2,641,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of SPD. Commonwealth Equity Services LLC increased its position in shares of Simplify US Equity PLUS Downside Convexity ETF by 82.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 113,758 shares of the company’s stock worth $3,796,000 after acquiring an additional 51,515 shares in the last quarter. Farther Finance Advisors LLC acquired a new position in Simplify US Equity PLUS Downside Convexity ETF in the 4th quarter worth approximately $73,000. HighTower Advisors LLC grew its position in Simplify US Equity PLUS Downside Convexity ETF by 10.3% during the 4th quarter. HighTower Advisors LLC now owns 528,211 shares of the company’s stock worth $17,627,000 after purchasing an additional 49,159 shares in the last quarter. Sollinda Capital Management LLC acquired a new stake in Simplify US Equity PLUS Downside Convexity ETF during the 4th quarter valued at $19,991,000. Finally, Ethos Financial Group LLC lifted its holdings in shares of Simplify US Equity PLUS Downside Convexity ETF by 240.9% in the fourth quarter. Ethos Financial Group LLC now owns 212,366 shares of the company’s stock valued at $7,087,000 after purchasing an additional 150,079 shares in the last quarter.

Simplify US Equity PLUS Downside Convexity ETF Trading Up 2.0 %

Shares of SPD stock opened at $31.53 on Friday. The company has a market capitalization of $101.84 million, a price-to-earnings ratio of 24.45 and a beta of 0.74. Simplify US Equity PLUS Downside Convexity ETF has a 1-year low of $29.70 and a 1-year high of $35.30. The stock’s fifty day simple moving average is $33.66 and its 200-day simple moving average is $33.72.

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.