Evolution Wealth Management Inc. Has $4.05 Million Position in Simplify US Equity PLUS Convexity ETF $SPYC

Evolution Wealth Management Inc. raised its stake in Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) by 37.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 102,699 shares of the company’s stock after buying an additional 27,738 shares during the quarter. Simplify US Equity PLUS Convexity ETF accounts for about 3.0% of Evolution Wealth Management Inc.’s portfolio, making the stock its 5th largest position. Evolution Wealth Management Inc.’s holdings in Simplify US Equity PLUS Convexity ETF were worth $4,054,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC boosted its holdings in Simplify US Equity PLUS Convexity ETF by 29.3% during the fourth quarter. Integrated Wealth Concepts LLC now owns 323,898 shares of the company’s stock worth $13,845,000 after buying an additional 73,490 shares during the last quarter. Austin Wealth Management LLC increased its stake in shares of Simplify US Equity PLUS Convexity ETF by 5.9% in the 4th quarter. Austin Wealth Management LLC now owns 904,781 shares of the company’s stock valued at $39,113,000 after acquiring an additional 50,063 shares during the last quarter. Entrewealth LLC increased its stake in shares of Simplify US Equity PLUS Convexity ETF by 10.2% in the 3rd quarter. Entrewealth LLC now owns 218,625 shares of the company’s stock valued at $9,370,000 after acquiring an additional 20,159 shares during the last quarter. AE Wealth Management LLC raised its position in shares of Simplify US Equity PLUS Convexity ETF by 11.6% in the 4th quarter. AE Wealth Management LLC now owns 129,251 shares of the company’s stock valued at $5,525,000 after acquiring an additional 13,432 shares during the period. Finally, Modern Wealth Management LLC acquired a new stake in shares of Simplify US Equity PLUS Convexity ETF in the 2nd quarter valued at approximately $230,000.

Simplify US Equity PLUS Convexity ETF Price Performance

Simplify US Equity PLUS Convexity ETF stock opened at $45.38 on Friday. The company’s 50 day simple moving average is $45.02 and its 200 day simple moving average is $43.08. Simplify US Equity PLUS Convexity ETF has a fifty-two week low of $38.50 and a fifty-two week high of $46.58. The firm has a market capitalization of $111.18 million, a price-to-earnings ratio of 26.87 and a beta of 0.99.

Simplify US Equity PLUS Convexity ETF Profile

The Simplify US Equity PLUS Convexity ETF (SPYC) is an exchange-traded fund that is based on the S&P 500 index. The fund is an actively managed, fund-of-funds that provides exposure to the S&P 500 with a systematic options overlay strategy. The overlay strategy seeks to enhance upside potential and hedge downside risk. SPYC was launched on Sep 3, 2020 and is managed by Simplify.