Simplify Asset Management Inc. Reduces Stock Position in Simplify Target 15 Distribution ETF $XV

Simplify Asset Management Inc. cut its stake in Simplify Target 15 Distribution ETF (NYSEARCA:XV) by 35.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 624,406 shares of the company’s stock after selling 350,000 shares during the quarter. Simplify Target 15 Distribution ETF makes up approximately 0.3% of Simplify Asset Management Inc.’s investment portfolio, making the stock its 17th biggest position. Simplify Asset Management Inc. owned approximately 0.23% of Simplify Target 15 Distribution ETF worth $15,841,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Osaic Holdings Inc. purchased a new stake in shares of Simplify Target 15 Distribution ETF in the second quarter valued at approximately $25,000. NBC Securities Inc. purchased a new stake in shares of Simplify Target 15 Distribution ETF in the fourth quarter valued at approximately $51,000. Islay Capital Management LLC purchased a new stake in shares of Simplify Target 15 Distribution ETF in the third quarter valued at approximately $74,000. Envestnet Asset Management Inc. purchased a new stake in shares of Simplify Target 15 Distribution ETF in the third quarter valued at approximately $235,000. Finally, Brookwood Investment Group LLC grew its position in shares of Simplify Target 15 Distribution ETF by 32.9% in the fourth quarter. Brookwood Investment Group LLC now owns 42,911 shares of the company’s stock valued at $1,089,000 after purchasing an additional 10,616 shares in the last quarter.

Simplify Target 15 Distribution ETF Stock Performance

XV stock opened at $24.77 on Monday. The business has a 50 day simple moving average of $24.33 and a 200-day simple moving average of $25.24. Simplify Target 15 Distribution ETF has a 1 year low of $23.40 and a 1 year high of $27.47.

Simplify Target 15 Distribution ETF Company Profile

The Simplify Target 15 Distribution ETF (XV) is an actively managed exchange-traded fund that seeks to provide a 15% annualized distribution rate, paid monthly. The fund employs a strategy of selling barrier put options based on the worst-performing of three reference indices: S&P 500, Nasdaq 100, and Russell 2000. This approach aims to generate higher income levels compared to traditional fixed-income products, with defined downside risk through barrier levels. The fund offers a unique source of monthly income differentiated from traditional fixed income or volatility selling strategies.