Drive Wealth Management LLC Purchases Shares of 48,542 Simplify Volatility Premium ETF (NYSEARCA:SVOL)

Drive Wealth Management LLC acquired a new stake in shares of Simplify Volatility Premium ETF (NYSEARCA:SVOL) in the third quarter, HoldingsChannel.com reports. The firm acquired 48,542 shares of the company’s stock, valued at approximately $1,066,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Commonwealth Equity Services LLC boosted its position in Simplify Volatility Premium ETF by 104.4% in the second quarter. Commonwealth Equity Services LLC now owns 272,646 shares of the company’s stock valued at $6,124,000 after buying an additional 139,265 shares in the last quarter. Peak Financial Advisors LLC raised its stake in shares of Simplify Volatility Premium ETF by 28.3% in the second quarter. Peak Financial Advisors LLC now owns 438,913 shares of the company’s stock valued at $9,858,000 after acquiring an additional 96,758 shares during the last quarter. Mount Lucas Management LP acquired a new position in shares of Simplify Volatility Premium ETF in the 3rd quarter worth approximately $1,825,000. Diversify Advisory Services LLC grew its position in Simplify Volatility Premium ETF by 243.6% during the 3rd quarter. Diversify Advisory Services LLC now owns 81,530 shares of the company’s stock worth $1,773,000 after acquiring an additional 57,805 shares during the last quarter. Finally, CoreCap Advisors LLC acquired a new stake in Simplify Volatility Premium ETF during the 2nd quarter valued at $1,195,000.

Simplify Volatility Premium ETF Price Performance

Simplify Volatility Premium ETF stock opened at $21.62 on Monday. The business’s fifty day moving average is $21.76 and its two-hundred day moving average is $22.21. Simplify Volatility Premium ETF has a 52 week low of $19.41 and a 52 week high of $23.18.

Simplify Volatility Premium ETF Profile

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.