Legacy Wealth Managment LLC ID Decreases Position in Simplify Volatility Premium ETF $SVOL

Legacy Wealth Managment LLC ID decreased its position in Simplify Volatility Premium ETF (NYSEARCA:SVOL) by 29.9% during the 2nd quarter, Holdings Channel reports. The firm owned 163,193 shares of the company’s stock after selling 69,727 shares during the quarter. Simplify Volatility Premium ETF comprises about 1.6% of Legacy Wealth Managment LLC ID’s holdings, making the stock its 12th biggest position. Legacy Wealth Managment LLC ID’s holdings in Simplify Volatility Premium ETF were worth $3,001,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. FSA Advisors Inc. boosted its position in shares of Simplify Volatility Premium ETF by 141.4% in the 1st quarter. FSA Advisors Inc. now owns 74,813 shares of the company’s stock worth $1,360,000 after buying an additional 43,818 shares in the last quarter. Luminist Capital LLC raised its position in Simplify Volatility Premium ETF by 9.8% during the first quarter. Luminist Capital LLC now owns 23,379 shares of the company’s stock worth $428,000 after acquiring an additional 2,084 shares during the last quarter. Avidian Wealth Enterprises LLC acquired a new position in Simplify Volatility Premium ETF during the second quarter worth about $571,000. Whipplewood Advisors LLC lifted its holdings in shares of Simplify Volatility Premium ETF by 24,705.0% in the second quarter. Whipplewood Advisors LLC now owns 4,961 shares of the company’s stock valued at $91,000 after purchasing an additional 4,941 shares in the last quarter. Finally, Sigma Planning Corp grew its position in shares of Simplify Volatility Premium ETF by 13.8% in the second quarter. Sigma Planning Corp now owns 33,858 shares of the company’s stock valued at $623,000 after purchasing an additional 4,102 shares during the last quarter.

Simplify Volatility Premium ETF Price Performance

Shares of SVOL opened at $17.37 on Friday. Simplify Volatility Premium ETF has a 1-year low of $13.18 and a 1-year high of $21.98. The stock has a market cap of $680.04 million, a price-to-earnings ratio of 25.19 and a beta of 0.65. The firm has a 50 day simple moving average of $17.81 and a 200-day simple moving average of $17.60.

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.