Drive Wealth Management LLC Has $1.73 Million Stock Holdings in Simplify Volatility Premium ETF $SVOL

Drive Wealth Management LLC raised its position in Simplify Volatility Premium ETF (NYSEARCA:SVOL) by 19.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,109 shares of the company’s stock after buying an additional 15,056 shares during the quarter. Drive Wealth Management LLC’s holdings in Simplify Volatility Premium ETF were worth $1,731,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. FSA Advisors Inc. grew its holdings in shares of Simplify Volatility Premium ETF by 141.4% during the 1st quarter. FSA Advisors Inc. now owns 74,813 shares of the company’s stock worth $1,360,000 after purchasing an additional 43,818 shares in the last quarter. Luminist Capital LLC grew its holdings in shares of Simplify Volatility Premium ETF by 9.8% during the 1st quarter. Luminist Capital LLC now owns 23,379 shares of the company’s stock worth $428,000 after purchasing an additional 2,084 shares in the last quarter. Decker Retirement Planning Inc. grew its holdings in shares of Simplify Volatility Premium ETF by 424.8% during the 1st quarter. Decker Retirement Planning Inc. now owns 18,440 shares of the company’s stock worth $335,000 after purchasing an additional 14,926 shares in the last quarter. CWM LLC acquired a new stake in shares of Simplify Volatility Premium ETF during the 1st quarter worth $52,000. Finally, POM Investment Strategies LLC acquired a new stake in shares of Simplify Volatility Premium ETF during the 1st quarter worth $6,304,000.

Simplify Volatility Premium ETF Stock Performance

SVOL opened at $17.32 on Monday. The firm has a market cap of $695.05 million, a P/E ratio of 25.19 and a beta of 0.58. Simplify Volatility Premium ETF has a 52-week low of $13.18 and a 52-week high of $21.98. The business’s fifty day moving average is $17.70 and its 200-day moving average is $17.38.

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.