1,075,000 Simplify US Equity PLUS Upside Convexity ETF $SPUC Shares Sold by Simplify Asset Management Inc.

Simplify Asset Management Inc. trimmed its stake in shares of Simplify US Equity PLUS Upside Convexity ETF (NYSEARCA:SPUC) by 65.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 559,812 shares of the company’s stock after selling 1,075,000 shares during the quarter. Simplify US Equity PLUS Upside Convexity ETF comprises approximately 0.4% of Simplify Asset Management Inc.’s investment portfolio, making the stock its 12th biggest position. Simplify Asset Management Inc. owned about 10.37% of Simplify US Equity PLUS Upside Convexity ETF worth $27,151,000 as of its most recent SEC filing.

Separately, Elevated Capital Advisors LLC bought a new position in shares of Simplify US Equity PLUS Upside Convexity ETF in the first quarter valued at about $514,000.

Simplify US Equity PLUS Upside Convexity ETF Stock Performance

NYSEARCA SPUC 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.