Austin Wealth Management LLC Purchases 23,624 Shares of Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC)

Austin Wealth Management LLC grew its position in shares of Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 668,803 shares of the company’s stock after acquiring an additional 23,624 shares during the quarter. Simplify US Equity PLUS Convexity ETF comprises 5.4% of Austin Wealth Management LLC’s holdings, making the stock its 5th largest holding. Austin Wealth Management LLC owned 34.65% of Simplify US Equity PLUS Convexity ETF worth $25,792,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in SPYC. Integrated Wealth Concepts LLC increased its stake in shares of Simplify US Equity PLUS Convexity ETF by 3.0% in the third quarter. Integrated Wealth Concepts LLC now owns 288,311 shares of the company’s stock worth $10,889,000 after purchasing an additional 8,345 shares in the last quarter. Fiduciary Alliance LLC purchased a new position in shares of Simplify US Equity PLUS Convexity ETF in the fourth quarter worth $553,000. Noble Wealth Management PBC bought a new position in shares of Simplify US Equity PLUS Convexity ETF during the fourth quarter valued at about $550,000. Finally, Empowered Funds LLC bought a new stake in shares of Simplify US Equity PLUS Convexity ETF in the 4th quarter worth approximately $61,000.

Simplify US Equity PLUS Convexity ETF Stock Performance

SPYC stock opened at $34.46 on Wednesday. The business’s 50 day moving average price is $37.96 and its two-hundred day moving average price is $38.11. Simplify US Equity PLUS Convexity ETF has a fifty-two week low of $32.38 and a fifty-two week high of $40.43. The company has a market capitalization of $64.78 million, a price-to-earnings ratio of 26.58 and a beta of 0.98.

Simplify US Equity PLUS Convexity ETF Profile

The Simplify US Equity PLUS Convexity ETF (SPYC) 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 the S&P 500 with a systematic options overlay strategy. The overlay strategy seeks to enhance upside potential and hedge downside risk.