Simplify Volatility Premium ETF $SVOL Shares Sold by Beacon Capital Management LLC

Beacon Capital Management LLC lowered its position in shares of Simplify Volatility Premium ETF (NYSEARCA:SVOL) by 48.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 604,270 shares of the company’s stock after selling 569,940 shares during the quarter. Simplify Volatility Premium ETF comprises 1.5% of Beacon Capital Management LLC’s portfolio, making the stock its 15th largest position. Beacon Capital Management LLC owned approximately 1.54% of Simplify Volatility Premium ETF worth $10,877,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in SVOL. Wealthcare Advisory Partners LLC bought a new stake in shares of Simplify Volatility Premium ETF during the 3rd quarter valued at about $270,000. Envestnet Asset Management Inc. bought a new position in shares of Simplify Volatility Premium ETF during the third quarter valued at approximately $523,000. Owen LaRue LLC grew its holdings in shares of Simplify Volatility Premium ETF by 35.4% during the third quarter. Owen LaRue LLC now owns 171,280 shares of the company’s stock valued at $3,083,000 after purchasing an additional 44,784 shares during the last quarter. Andina Capital Management LLC raised its position in shares of Simplify Volatility Premium ETF by 27.9% during the 3rd quarter. Andina Capital Management LLC now owns 54,424 shares of the company’s stock worth $980,000 after purchasing an additional 11,888 shares during the period. Finally, Root Financial Partners LLC bought a new stake in shares of Simplify Volatility Premium ETF in the 3rd quarter worth approximately $50,000.

Simplify Volatility Premium ETF Price Performance

Shares of NYSEARCA SVOL opened at $16.94 on Tuesday. The firm has a market capitalization of $600.86 million, a PE ratio of 25.19 and a beta of 0.65. Simplify Volatility Premium ETF has a 1-year low of $13.18 and a 1-year high of $21.58. The business’s fifty day moving average price is $17.58 and its two-hundred day moving average price is $17.58.

Simplify Volatility Premium ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, January 30th. Investors of record on Tuesday, January 27th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, January 27th. This represents a c) annualized dividend and a yield of 21.3%.

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. SVOL was launched on May 12, 2021 and is managed by Simplify.