Beacon Capital Management LLC Buys 301,046 Shares of Simplify Volatility Premium ETF $SVOL

Beacon Capital Management LLC raised its stake in shares of Simplify Volatility Premium ETF (NYSEARCA:SVOL) by 34.5% in the second quarter, Holdings Channel reports. The fund owned 1,174,210 shares of the company’s stock after acquiring an additional 301,046 shares during the period. Simplify Volatility Premium ETF comprises approximately 2.9% of Beacon Capital Management LLC’s holdings, making the stock its 8th biggest position. Beacon Capital Management LLC’s holdings in Simplify Volatility Premium ETF were worth $21,594,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Owen LaRue LLC boosted its position in shares of Simplify Volatility Premium ETF by 121.1% during the second quarter. Owen LaRue LLC now owns 126,496 shares of the company’s stock valued at $2,326,000 after buying an additional 69,282 shares during the last quarter. Park Edge Advisors LLC grew its stake in shares of Simplify Volatility Premium ETF by 22.5% during the second quarter. Park Edge Advisors LLC now owns 85,156 shares of the company’s stock valued at $1,566,000 after buying an additional 15,640 shares during the last quarter. Arete Wealth Advisors LLC lifted its holdings in shares of Simplify Volatility Premium ETF by 9.2% during the 1st quarter. Arete Wealth Advisors LLC now owns 98,206 shares of the company’s stock valued at $1,785,000 after purchasing an additional 8,310 shares during the last quarter. Focus Partners Advisor Solutions LLC purchased a new position in Simplify Volatility Premium ETF during the first quarter worth approximately $195,000. Finally, Luminist Capital LLC raised its position in Simplify Volatility Premium ETF by 9.8% in the first quarter. Luminist Capital LLC now owns 23,379 shares of the company’s stock valued at $428,000 after purchasing an additional 2,084 shares during the period.

Simplify Volatility Premium ETF Trading Up 1.2%

Shares of SVOL opened at $17.99 on Friday. Simplify Volatility Premium ETF has a twelve month low of $13.18 and a twelve month high of $22.10. The firm’s 50-day moving average is $17.51 and its two-hundred day moving average is $17.47. The firm has a market capitalization of $855.96 million, a P/E ratio of 25.19 and a beta of 0.58.

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.