Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) Stock Price Down 1.1% – What’s Next?

Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD)’s share price fell 1.1% during mid-day trading on Monday . The company traded as low as $33.34 and last traded at $33.68. 11,621 shares changed hands during mid-day trading, a decline of 59% from the average session volume of 28,384 shares. The stock had previously closed at $34.04.

Simplify US Equity PLUS Downside Convexity ETF Stock Performance

The company has a market capitalization of $108.79 million, a PE ratio of 25.10 and a beta of 0.90. The company’s 50-day moving average is $34.32 and its 200 day moving average is $33.28.

Institutional Trading of Simplify US Equity PLUS Downside Convexity ETF

Several institutional investors have recently added to or reduced their stakes in SPD. AE Wealth Management LLC lifted its stake in Simplify US Equity PLUS Downside Convexity ETF by 1.6% during the 2nd quarter. AE Wealth Management LLC now owns 139,116 shares of the company’s stock valued at $4,496,000 after acquiring an additional 2,207 shares during the period. Financial Enhancement Group LLC lifted its position in Simplify US Equity PLUS Downside Convexity ETF by 13.1% during the second quarter. Financial Enhancement Group LLC now owns 19,366 shares of the company’s stock valued at $626,000 after purchasing an additional 2,236 shares during the period. Elevated Capital Advisors LLC lifted its position in Simplify US Equity PLUS Downside Convexity ETF by 84.7% during the third quarter. Elevated Capital Advisors LLC now owns 13,989 shares of the company’s stock valued at $468,000 after purchasing an additional 6,414 shares during the period. Ironsides Asset Advisors LLC boosted its holdings in Simplify US Equity PLUS Downside Convexity ETF by 41.1% in the third quarter. Ironsides Asset Advisors LLC now owns 61,083 shares of the company’s stock worth $2,044,000 after purchasing an additional 17,800 shares during the last quarter. Finally, Lloyd Advisory Services LLC. bought a new stake in Simplify US Equity PLUS Downside Convexity ETF in the 2nd quarter worth approximately $1,660,000.

Simplify US Equity PLUS Downside Convexity ETF Company Profile

The Simplify US Equity PLUS Downside Convexity ETF (SPD) 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 US large-cap stocks while applying a downside options overlay strategy. SPD was launched on Sep 3, 2020 and is managed by Simplify.