Nwam LLC Purchases Shares of 116,616 Simplify Multi-QIS Alternative ETF $QIS

Nwam LLC acquired a new position in shares of Simplify Multi-QIS Alternative ETF (NYSEARCA:QIS) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 116,616 shares of the company’s stock, valued at approximately $1,169,000.

Several other hedge funds also recently modified their holdings of QIS. Envestnet Asset Management Inc. increased its holdings in shares of Simplify Multi-QIS Alternative ETF by 4.9% during the third quarter. Envestnet Asset Management Inc. now owns 29,651 shares of the company’s stock worth $568,000 after buying an additional 1,382 shares in the last quarter. Jane Street Group LLC grew its position in Simplify Multi-QIS Alternative ETF by 75.8% during the 1st quarter. Jane Street Group LLC now owns 28,088 shares of the company’s stock worth $652,000 after acquiring an additional 12,113 shares during the last quarter. Advocacy Wealth Management LLC bought a new stake in Simplify Multi-QIS Alternative ETF during the 2nd quarter worth approximately $75,000. Finally, Kestra Advisory Services LLC acquired a new stake in Simplify Multi-QIS Alternative ETF during the 4th quarter valued at $77,000.

Simplify Multi-QIS Alternative ETF Trading Down 0.9%

Shares of QIS opened at $11.44 on Thursday. The stock has a fifty day moving average price of $10.18 and a two-hundred day moving average price of $11.85. Simplify Multi-QIS Alternative ETF has a 52-week low of $9.14 and a 52-week high of $20.26.

Simplify Multi-QIS Alternative ETF Profile

The Simplify Multi-QIS Alternative ETF (QIS) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund aims to provide positive absolute returns and income using quantitative investment strategies to invest across equities, interest rates, commodities, and currencies through total return swaps. QIS was launched on Jul 10, 2023 and is issued by Simplify.