Simplify US Equity PLUS Upside Convexity ETF $SPUC Stock Sold by Simplify Asset Management Inc.

Simplify Asset Management Inc. cut its position in Simplify US Equity PLUS Upside Convexity ETF (NYSEARCA:SPUC) by 65.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 559,812 shares of the company’s stock after selling 1,075,000 shares during the period. Simplify US Equity PLUS Upside Convexity ETF comprises about 0.4% of Simplify Asset Management Inc.’s portfolio, making the stock its 12th biggest holding. Simplify Asset Management Inc. owned approximately 0.10% of Simplify US Equity PLUS Upside Convexity ETF worth $27,151,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Elevated Capital Advisors LLC acquired a new stake in shares of Simplify US Equity PLUS Upside Convexity ETF during the first quarter worth $514,000.

Simplify US Equity PLUS Upside Convexity ETF Stock Performance

Shares of Simplify US Equity PLUS Upside Convexity ETF stock opened at $48.56 on Thursday. The firm has a 50-day moving average of $49.26 and a 200-day moving average of $48.24. The stock has a market cap of $262.22 million, a PE ratio of 21.23 and a beta of 1.23. Simplify US Equity PLUS Upside Convexity ETF has a 52-week low of $42.89 and a 52-week high of $52.08.

Simplify US Equity PLUS Upside Convexity ETF Profile

The Simplify US Equity PLUS Upside Convexity ETF (SPUC) is an exchange-traded fund that is based on the S&P 500 index. The fund is actively managed to provide exposure to the S&P 500 stocks while applying an upside options overlay strategy. SPUC was launched on Sep 3, 2020 and is managed by Simplify.