Simplify Volatility Premium ETF $SVOL Shares Sold by Drive Wealth Management LLC

Drive Wealth Management LLC cut its stake in shares of Simplify Volatility Premium ETF (NYSEARCA:SVOL) by 65.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 32,642 shares of the company’s stock after selling 61,467 shares during the quarter. Drive Wealth Management LLC’s holdings in Simplify Volatility Premium ETF were worth $588,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. CAP Partners LLC grew its position in Simplify Volatility Premium ETF by 3.3% during the second quarter. CAP Partners LLC now owns 22,213 shares of the company’s stock valued at $408,000 after acquiring an additional 716 shares during the period. Napa Wealth Management lifted its holdings in shares of Simplify Volatility Premium ETF by 2.5% during the 2nd quarter. Napa Wealth Management now owns 38,807 shares of the company’s stock valued at $714,000 after acquiring an additional 962 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Simplify Volatility Premium ETF by 51.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,399 shares of the company’s stock valued at $61,000 after purchasing an additional 1,155 shares in the last quarter. JT Stratford LLC raised its position in Simplify Volatility Premium ETF by 7.9% in the second quarter. JT Stratford LLC now owns 21,711 shares of the company’s stock valued at $399,000 after purchasing an additional 1,595 shares during the period. Finally, Huntington National Bank acquired a new position in shares of Simplify Volatility Premium ETF during the second quarter worth about $37,000.

Simplify Volatility Premium ETF Price Performance

Shares of NYSEARCA SVOL opened at $17.83 on Friday. Simplify Volatility Premium ETF has a 1-year low of $13.18 and a 1-year high of $21.79. The company has a market capitalization of $629.93 million, a price-to-earnings ratio of 25.19 and a beta of 0.65. The business has a 50-day moving average of $17.57 and a 200-day moving average of $17.59.

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.