Fiduciary Alliance LLC Makes New Investment in Simplify Volatility Premium ETF (NYSEARCA:SVOL)

Fiduciary Alliance LLC purchased a new stake in Simplify Volatility Premium ETF (NYSEARCA:SVOL) in the fourth quarter, Holdings Channel.com reports. The fund purchased 39,702 shares of the company’s stock, valued at approximately $825,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Legacy Investment Solutions LLC acquired a new position in Simplify Volatility Premium ETF during the third quarter worth about $10,595,000. Mount Lucas Management LP purchased a new position in Simplify Volatility Premium ETF in the 3rd quarter valued at approximately $1,825,000. Diversify Advisory Services LLC raised its holdings in Simplify Volatility Premium ETF by 243.6% during the third quarter. Diversify Advisory Services LLC now owns 81,530 shares of the company’s stock worth $1,773,000 after purchasing an additional 57,805 shares during the last quarter. Drive Wealth Management LLC purchased a new stake in Simplify Volatility Premium ETF during the third quarter worth $1,066,000. Finally, Peak Financial Advisors LLC grew its holdings in Simplify Volatility Premium ETF by 9.3% in the third quarter. Peak Financial Advisors LLC now owns 479,555 shares of the company’s stock valued at $10,531,000 after purchasing an additional 40,642 shares during the last quarter.

Simplify Volatility Premium ETF Stock Performance

Shares of SVOL stock opened at $20.25 on Tuesday. Simplify Volatility Premium ETF has a fifty-two week low of $19.41 and a fifty-two week high of $23.14. The business has a fifty day simple moving average of $21.42 and a 200-day simple moving average of $21.83.

Simplify Volatility Premium ETF Profile

The Simplify Volatility Premium ETF (SVOL) is an exchange-traded fund that mostly invests in volatility alternatives. The fund is an actively managed portfolio that aims to provide income via short exposure to S&P 500 VIX short-term futures, reset daily. The fund also utilizes an option overlay strategy to protect against adverse moves in VIX.