Simplify Asset Management Inc. Decreases Stake in Simplify NEXT Intangible Value Index ETF (BATS:NXTV)

Simplify Asset Management Inc. lowered its position in Simplify NEXT Intangible Value Index ETF (BATS:NXTV) by 14.3% during the fourth quarter, HoldingsChannel reports. The firm owned 26,999 shares of the company’s stock after selling 4,522 shares during the period. Simplify Asset Management Inc. owned about 0.27% of Simplify NEXT Intangible Value Index ETF worth $681,000 at the end of the most recent reporting period.

Simplify NEXT Intangible Value Index ETF Stock Down 1.2 %

Shares of BATS NXTV opened at $25.61 on Friday. The firm has a 50-day simple moving average of $26.03 and a 200-day simple moving average of $26.91. The stock has a market capitalization of $1.28 million, a price-to-earnings ratio of 15.31 and a beta of 0.75. Simplify NEXT Intangible Value Index ETF has a 52 week low of $24.87 and a 52 week high of $29.28.

Simplify NEXT Intangible Value Index ETF Profile

The Simplify Next Intangible Value Index ETF (NXTV) is an exchange-traded fund that is based on the Next Intangible Value index. The fund tracks a market cap-weighted index of 200 US companies that exhibit low equity valuations relative to their intangible-adjusted book values within their respective sectors.