Envestnet Asset Management Inc. Has $1.55 Million Holdings in Simplify Volatility Premium ETF (NYSEARCA:SVOL)

Envestnet Asset Management Inc. raised its position in Simplify Volatility Premium ETF (NYSEARCA:SVOL) by 21.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 74,488 shares of the company’s stock after buying an additional 13,316 shares during the period. Envestnet Asset Management Inc. owned 0.19% of Simplify Volatility Premium ETF worth $1,549,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SVOL. Crewe Advisors LLC bought a new position in shares of Simplify Volatility Premium ETF in the fourth quarter worth about $27,000. Anfield Capital Management LLC bought a new position in shares of Simplify Volatility Premium ETF in the fourth quarter worth about $55,000. Decker Retirement Planning Inc. bought a new position in shares of Simplify Volatility Premium ETF in the fourth quarter worth about $73,000. Whipplewood Advisors LLC bought a new position in shares of Simplify Volatility Premium ETF in the fourth quarter worth about $94,000. Finally, FSC Wealth Advisors LLC bought a new position in shares of Simplify Volatility Premium ETF in the fourth quarter worth about $95,000.

Simplify Volatility Premium ETF Stock Performance

Shares of NYSEARCA SVOL opened at $16.44 on Tuesday. Simplify Volatility Premium ETF has a 1-year low of $13.18 and a 1-year high of $23.03. The company has a market cap of $913.74 million, a PE ratio of 19.86 and a beta of 0.61. The company has a 50-day moving average of $17.87 and a two-hundred day moving average of $20.16.

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.