Legacy Wealth Managment LLC ID Has $719,000 Position in Simplify Volatility Premium ETF $SVOL

Legacy Wealth Managment LLC ID lessened its holdings in Simplify Volatility Premium ETF (NYSEARCA:SVOL) by 55.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,796 shares of the company’s stock after selling 55,109 shares during the quarter. Legacy Wealth Managment LLC ID’s holdings in Simplify Volatility Premium ETF were worth $719,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Zazove Associates LLC bought a new position in shares of Simplify Volatility Premium ETF during the 1st quarter worth about $167,000. Arkadios Wealth Advisors bought a new stake in Simplify Volatility Premium ETF in the first quarter valued at about $156,000. Claris Financial LLC increased its stake in Simplify Volatility Premium ETF by 8.5% in the first quarter. Claris Financial LLC now owns 52,626 shares of the company’s stock valued at $807,000 after acquiring an additional 4,137 shares during the period. Gaddis Premier Wealth Advisors LLC bought a new stake in Simplify Volatility Premium ETF in the first quarter valued at about $161,000. Finally, Sigma Planning Corp raised its position in Simplify Volatility Premium ETF by 3.8% in the first quarter. Sigma Planning Corp now owns 38,875 shares of the company’s stock worth $596,000 after purchasing an additional 1,419 shares in the last quarter.

Simplify Volatility Premium ETF Stock Up 0.7%

Shares of SVOL opened at $16.66 on Friday. The company has a 50-day moving average price of $16.14 and a two-hundred day moving average price of $16.07. The stock has a market cap of $550.28 million, a price-to-earnings ratio of 25.19 and a beta of 0.65. Simplify Volatility Premium ETF has a 12 month low of $15.06 and a 12 month high of $18.41.

About Simplify Volatility Premium ETF

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. SVOL was launched on May 12, 2021 and is managed by Simplify.