Legacy Investment Solutions LLC Sells 148,642 Shares of Simplify Volatility Premium ETF (NYSEARCA:SVOL)

Legacy Investment Solutions LLC lessened its holdings in shares of Simplify Volatility Premium ETF (NYSEARCA:SVOL) by 30.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 334,502 shares of the company’s stock after selling 148,642 shares during the quarter. Simplify Volatility Premium ETF accounts for 4.2% of Legacy Investment Solutions LLC’s investment portfolio, making the stock its 7th biggest position. Legacy Investment Solutions LLC’s holdings in Simplify Volatility Premium ETF were worth $7,085,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in SVOL. Crewe Advisors LLC acquired a new stake in shares of Simplify Volatility Premium ETF in the 4th quarter worth approximately $27,000. Anfield Capital Management LLC bought a new position in Simplify Volatility Premium ETF during the fourth quarter valued at about $55,000. Decker Retirement Planning Inc. acquired a new position in Simplify Volatility Premium ETF during the fourth quarter worth about $73,000. Whipplewood Advisors LLC bought a new stake in Simplify Volatility Premium ETF in the fourth quarter worth about $94,000. Finally, FSC Wealth Advisors LLC acquired a new stake in Simplify Volatility Premium ETF in the 4th quarter valued at about $95,000.

Simplify Volatility Premium ETF Stock Performance

Shares of NYSEARCA:SVOL opened at $15.75 on Friday. The stock has a market capitalization of $865.15 million, a price-to-earnings ratio of 23.10 and a beta of 0.61. Simplify Volatility Premium ETF has a 1-year low of $13.18 and a 1-year high of $23.03. The company has a 50 day moving average price of $19.09 and a 200 day moving average price of $20.62.

Simplify Volatility Premium ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th were issued a dividend of $0.27 per share. The ex-dividend date was Wednesday, March 26th.

Simplify Volatility Premium ETF 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.