Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) Trading Down 0.4% – Here’s Why

Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD)’s share price fell 0.4% during mid-day trading on Thursday . The stock traded as low as $34.54 and last traded at $34.62. 37,693 shares were traded during trading, an increase of 28% from the average session volume of 29,552 shares. The stock had previously closed at $34.74.

Simplify US Equity PLUS Downside Convexity ETF Price Performance

The stock has a market cap of $111.81 million, a P/E ratio of 25.10 and a beta of 0.90. The firm’s 50-day moving average price is $33.79 and its 200-day moving average price is $32.81.

Institutional Investors Weigh In On Simplify US Equity PLUS Downside Convexity ETF

Several large investors have recently bought and sold shares of SPD. Kathmere Capital Management LLC increased its position in Simplify US Equity PLUS Downside Convexity ETF by 6.0% during the second quarter. Kathmere Capital Management LLC now owns 8,165 shares of the company’s stock valued at $264,000 after acquiring an additional 464 shares during the last quarter. Austin Wealth Management LLC increased its holdings in shares of Simplify US Equity PLUS Downside Convexity ETF by 1.1% during the first quarter. Austin Wealth Management LLC now owns 116,793 shares of the company’s stock valued at $3,693,000 after acquiring an additional 1,296 shares in the last quarter. AE Wealth Management LLC increased its holdings in Simplify US Equity PLUS Downside Convexity ETF by 1.6% in the 2nd quarter. AE Wealth Management LLC now owns 139,116 shares of the company’s stock worth $4,496,000 after buying an additional 2,207 shares during the period. Financial Enhancement Group LLC boosted its position in Simplify US Equity PLUS Downside Convexity ETF by 13.1% in the 2nd quarter. Financial Enhancement Group LLC now owns 19,366 shares of the company’s stock worth $626,000 after purchasing an additional 2,236 shares in the last quarter. Finally, Elevated Capital Advisors LLC lifted its position in shares of Simplify US Equity PLUS Downside Convexity ETF by 84.7% during the 3rd quarter. Elevated Capital Advisors LLC now owns 13,989 shares of the company’s stock valued at $468,000 after buying an additional 6,414 shares in the last quarter.

About Simplify US Equity PLUS Downside Convexity ETF

The Simplify US Equity PLUS Downside Convexity ETF (SPD) 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 US large-cap stocks while applying a downside options overlay strategy. SPD was launched on Sep 3, 2020 and is managed by Simplify.