Drive Wealth Management LLC Grows Position in Simplify Volatility Premium ETF (NYSEARCA:SVOL)

Drive Wealth Management LLC raised its holdings in shares of Simplify Volatility Premium ETF (NYSEARCA:SVOL) by 23.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,837 shares of the company’s stock after buying an additional 11,295 shares during the quarter. Drive Wealth Management LLC owned about 0.15% of Simplify Volatility Premium ETF worth $1,244,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Park Edge Advisors LLC grew its holdings in shares of Simplify Volatility Premium ETF by 19.6% in the fourth quarter. Park Edge Advisors LLC now owns 60,745 shares of the company’s stock valued at $1,263,000 after purchasing an additional 9,976 shares during the period. Andina Capital Management LLC grew its holdings in shares of Simplify Volatility Premium ETF by 29.2% in the fourth quarter. Andina Capital Management LLC now owns 72,982 shares of the company’s stock valued at $1,517,000 after purchasing an additional 16,515 shares during the period. B.O.S.S. Retirement Advisors LLC purchased a new stake in shares of Simplify Volatility Premium ETF in the fourth quarter valued at about $336,000. Diversify Advisory Services LLC grew its holdings in shares of Simplify Volatility Premium ETF by 22.2% in the fourth quarter. Diversify Advisory Services LLC now owns 99,661 shares of the company’s stock valued at $2,023,000 after purchasing an additional 18,131 shares during the period. Finally, Cambridge Advisors Inc. grew its holdings in shares of Simplify Volatility Premium ETF by 23.2% in the fourth quarter. Cambridge Advisors Inc. now owns 46,250 shares of the company’s stock valued at $962,000 after purchasing an additional 8,705 shares during the period.

Simplify Volatility Premium ETF Price Performance

Shares of SVOL opened at $21.70 on Monday. Simplify Volatility Premium ETF has a 12-month low of $19.41 and a 12-month high of $23.03. The firm has a 50-day moving average price of $21.34 and a 200 day moving average price of $21.74.

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.