Simplify Multi-QIS Alternative ETF $QIS Shares Sold by Simplify Asset Management Inc.

Simplify Asset Management Inc. lowered its holdings in shares of Simplify Multi-QIS Alternative ETF (NYSEARCA:QIS) by 18.4% in the 4th quarter, HoldingsChannel reports. The firm owned 3,777,620 shares of the company’s stock after selling 850,000 shares during the period. Simplify Multi-QIS Alternative ETF makes up approximately 0.9% of Simplify Asset Management Inc.’s holdings, making the stock its 6th largest holding. Simplify Asset Management Inc. owned 0.96% of Simplify Multi-QIS Alternative ETF worth $56,064,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Drive Wealth Management LLC grew its stake in Simplify Multi-QIS Alternative ETF by 22.4% in the third quarter. Drive Wealth Management LLC now owns 13,084 shares of the company’s stock valued at $251,000 after acquiring an additional 2,391 shares during the period. Envestnet Asset Management Inc. grew its stake in Simplify Multi-QIS Alternative ETF by 4.9% in the third quarter. Envestnet Asset Management Inc. now owns 29,651 shares of the company’s stock valued at $568,000 after acquiring an additional 1,382 shares during the period. Finally, Jane Street Group LLC grew its stake in Simplify Multi-QIS Alternative ETF by 75.8% in the first quarter. Jane Street Group LLC now owns 28,088 shares of the company’s stock valued at $652,000 after acquiring an additional 12,113 shares during the period.

Simplify Multi-QIS Alternative ETF Price Performance

Shares of Simplify Multi-QIS Alternative ETF stock opened at $13.20 on Monday. Simplify Multi-QIS Alternative ETF has a 52 week low of $10.88 and a 52 week high of $23.27. The stock has a 50 day moving average price of $12.89 and a two-hundred day moving average price of $14.61.

Simplify Multi-QIS Alternative ETF Company Profile

The Simplify Multi-QIS Alternative ETF (QIS) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund aims to provide positive absolute returns and income using quantitative investment strategies to invest across equities, interest rates, commodities, and currencies through total return swaps. QIS was launched on Jul 10, 2023 and is issued by Simplify.