Simplify Volatility Premium ETF (NYSEARCA:SVOL) Stake Reduced by Legacy Investment Solutions LLC

Legacy Investment Solutions LLC decreased its stake in Simplify Volatility Premium ETF (NYSEARCA:SVOL) by 30.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 334,502 shares of the company’s stock after selling 148,642 shares during the period. Simplify Volatility Premium ETF makes up 4.2% of Legacy Investment Solutions LLC’s portfolio, making the stock its 7th biggest position. Legacy Investment Solutions LLC owned 0.86% of Simplify Volatility Premium ETF worth $7,085,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the stock. Envestnet Asset Management Inc. lifted its holdings in Simplify Volatility Premium ETF by 21.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 74,488 shares of the company’s stock worth $1,549,000 after buying an additional 13,316 shares in the last quarter. OLD Mission Capital LLC acquired a new position in shares of Simplify Volatility Premium ETF in the 4th quarter valued at approximately $1,052,000. Orion Portfolio Solutions LLC purchased a new position in shares of Simplify Volatility Premium ETF during the 4th quarter valued at approximately $341,000. JPMorgan Chase & Co. grew its position in shares of Simplify Volatility Premium ETF by 11.0% during the fourth quarter. JPMorgan Chase & Co. now owns 8,401 shares of the company’s stock worth $175,000 after buying an additional 835 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in Simplify Volatility Premium ETF by 41.4% in the fourth quarter. LPL Financial LLC now owns 65,548 shares of the company’s stock valued at $1,363,000 after acquiring an additional 19,207 shares in the last quarter.

Simplify Volatility Premium ETF Stock Up 2.9 %

Shares of Simplify Volatility Premium ETF stock opened at $15.75 on Friday. The business has a 50-day moving average price of $19.09 and a 200 day moving average price of $20.62. Simplify Volatility Premium ETF has a fifty-two week low of $13.18 and a fifty-two week high of $23.03. The firm has a market cap of $865.15 million, a P/E ratio of 23.10 and a beta of 0.61.

Simplify Volatility Premium ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th were issued a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, March 26th.

About Simplify Volatility Premium ETF

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.