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

Simplify Asset Management Inc. lessened its holdings in Simplify Target 15 Distribution ETF (NYSEARCA:XV) by 35.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 624,406 shares of the company’s stock after selling 350,000 shares during the period. Simplify Target 15 Distribution ETF comprises about 0.3% of Simplify Asset Management Inc.’s portfolio, making the stock its 17th largest holding. Simplify Asset Management Inc. owned 22.96% of Simplify Target 15 Distribution ETF worth $15,841,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Osaic Holdings Inc. purchased a new position in shares of Simplify Target 15 Distribution ETF in the 2nd quarter valued at about $25,000. NBC Securities Inc. purchased a new position in shares of Simplify Target 15 Distribution ETF in the 4th quarter valued at about $51,000. Islay Capital Management LLC purchased a new position in shares of Simplify Target 15 Distribution ETF in the 3rd quarter valued at about $74,000. Envestnet Asset Management Inc. purchased a new position in shares of Simplify Target 15 Distribution ETF in the 3rd quarter valued at about $235,000. Finally, Brookwood Investment Group LLC increased its stake in shares of Simplify Target 15 Distribution ETF by 32.9% in the 4th 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

Shares of Simplify Target 15 Distribution ETF stock opened at $24.77 on Monday. Simplify Target 15 Distribution ETF has a twelve month low of $23.40 and a twelve month high of $27.47. The business has a 50-day moving average price of $24.33 and a 200 day moving average price of $25.24.

About Simplify Target 15 Distribution ETF

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.