Financial Enhancement Group LLC Sells 26,897 Shares of Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC)

Financial Enhancement Group LLC cut its position in Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) by 9.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 272,608 shares of the company’s stock after selling 26,897 shares during the quarter. Simplify US Equity PLUS Convexity ETF comprises about 1.5% of Financial Enhancement Group LLC’s portfolio, making the stock its 22nd biggest holding. Financial Enhancement Group LLC owned approximately 14.12% of Simplify US Equity PLUS Convexity ETF worth $9,198,000 at the end of the most recent reporting period.

Separately, Integrated Wealth Concepts LLC boosted its stake in Simplify US Equity PLUS Convexity ETF by 1.0% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 272,604 shares of the company’s stock valued at $7,587,000 after purchasing an additional 2,743 shares during the period.

Simplify US Equity PLUS Convexity ETF Price Performance

SPYC traded down $0.02 during trading on Wednesday, hitting $36.32. The stock had a trading volume of 2,846 shares, compared to its average volume of 11,950. The firm has a market cap of $70.10 million, a price-to-earnings ratio of 26.43 and a beta of 1.16. The company has a 50 day moving average price of $34.70 and a 200-day moving average price of $33.31. Simplify US Equity PLUS Convexity ETF has a one year low of $26.71 and a one year high of $37.00.

About Simplify US Equity PLUS Convexity ETF

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.