Austin Wealth Management LLC Has $36.44 Million Stock Position in Simplify US Equity PLUS Convexity ETF $SPYC

Austin Wealth Management LLC grew its position in shares of Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) by 3.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 854,718 shares of the company’s stock after buying an additional 30,314 shares during the quarter. Simplify US Equity PLUS Convexity ETF accounts for approximately 5.7% of Austin Wealth Management LLC’s investment portfolio, making the stock its 2nd biggest holding. Austin Wealth Management LLC owned 39.39% of Simplify US Equity PLUS Convexity ETF worth $36,437,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in shares of Simplify US Equity PLUS Convexity ETF in the 2nd quarter worth about $48,000. Osaic Holdings Inc. bought a new stake in Simplify US Equity PLUS Convexity ETF in the second quarter worth about $67,000. Modern Wealth Management LLC purchased a new stake in shares of Simplify US Equity PLUS Convexity ETF during the 2nd quarter worth approximately $230,000. LifeWealth Investments LLC purchased a new stake in Simplify US Equity PLUS Convexity ETF in the second quarter worth $237,000. Finally, Evolution Wealth Management Inc. bought a new stake in shares of Simplify US Equity PLUS Convexity ETF in the second quarter valued at $280,000.

Simplify US Equity PLUS Convexity ETF Price Performance

Shares of NYSEARCA SPYC opened at $42.81 on Friday. The stock has a market capitalization of $97.61 million, a PE ratio of 26.87 and a beta of 0.98. Simplify US Equity PLUS Convexity ETF has a one year low of $30.67 and a one year high of $45.21. The business’s fifty day moving average price is $43.02 and its 200-day moving average price is $42.56.

Simplify US Equity PLUS Convexity ETF Profile

The Simplify US Equity PLUS Convexity ETF (SPYC) 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 the S&P 500 with a systematic options overlay strategy. The overlay strategy seeks to enhance upside potential and hedge downside risk. SPYC was launched on Sep 3, 2020 and is managed by Simplify.