Entrewealth LLC Has $9.37 Million Stock Position in Simplify US Equity PLUS Convexity ETF $SPYC

Entrewealth LLC raised its stake in shares of Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) by 10.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 218,625 shares of the company’s stock after buying an additional 20,159 shares during the quarter. Simplify US Equity PLUS Convexity ETF comprises approximately 4.8% of Entrewealth LLC’s holdings, making the stock its 4th largest position. Entrewealth LLC owned about 10.07% of Simplify US Equity PLUS Convexity ETF worth $9,370,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of SPYC. Austin Wealth Management LLC lifted its position in shares of Simplify US Equity PLUS Convexity ETF by 3.7% in the third quarter. Austin Wealth Management LLC now owns 854,718 shares of the company’s stock worth $36,437,000 after buying an additional 30,314 shares in the last quarter. Evolution Wealth Management Inc. boosted its position in shares of Simplify US Equity PLUS Convexity ETF by 931.3% during the 3rd quarter. Evolution Wealth Management Inc. now owns 69,941 shares of the company’s stock valued at $2,997,000 after acquiring an additional 63,159 shares during the last quarter. LifeWealth Investments LLC grew its holdings in shares of Simplify US Equity PLUS Convexity ETF by 7.4% in the third quarter. LifeWealth Investments LLC now owns 6,170 shares of the company’s stock valued at $264,000 after purchasing an additional 426 shares in the last quarter. CWM LLC grew its holdings in shares of Simplify US Equity PLUS Convexity ETF by 119.2% in the third quarter. CWM LLC now owns 16,096 shares of the company’s stock valued at $690,000 after purchasing an additional 8,752 shares in the last quarter. Finally, Osaic Holdings Inc. bought a new stake in Simplify US Equity PLUS Convexity ETF in the second quarter worth $67,000.

Simplify US Equity PLUS Convexity ETF Stock Performance

Shares of SPYC opened at $41.34 on Friday. The stock has a market capitalization of $94.26 million, a PE ratio of 26.87 and a beta of 0.98. The company’s fifty day moving average is $42.67 and its 200 day moving average is $42.69. Simplify US Equity PLUS Convexity ETF has a fifty-two week low of $30.67 and a fifty-two week high of $45.21.

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.