Simplify Target 15 Distribution ETF $XV Shares Purchased by Simplify Asset Management Inc.

Simplify Asset Management Inc. lifted its position in Simplify Target 15 Distribution ETF (NYSEARCA:XV) by 84.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,149,406 shares of the company’s stock after purchasing an additional 525,000 shares during the period. Simplify Target 15 Distribution ETF comprises about 0.5% of Simplify Asset Management Inc.’s portfolio, making the stock its 11th biggest holding. Simplify Asset Management Inc. owned about 26.12% of Simplify Target 15 Distribution ETF worth $27,701,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in XV. Brookstone Capital Management purchased a new position in Simplify Target 15 Distribution ETF in the third quarter valued at $858,000. SteelPeak Wealth LLC purchased a new stake in shares of Simplify Target 15 Distribution ETF during the 3rd quarter worth about $367,000. Winnacle Wealth LLC purchased a new stake in shares of Simplify Target 15 Distribution ETF during the 3rd quarter worth about $792,000. Mather Group LLC. purchased a new stake in shares of Simplify Target 15 Distribution ETF during the 3rd quarter worth about $1,059,000. Finally, Envestnet Asset Management Inc. grew its position in shares of Simplify Target 15 Distribution ETF by 48.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 263,327 shares of the company’s stock valued at $6,525,000 after acquiring an additional 85,719 shares during the period.

Simplify Target 15 Distribution ETF Stock Up 0.1%

NYSEARCA XV opened at $23.88 on Thursday. Simplify Target 15 Distribution ETF has a twelve month low of $23.40 and a twelve month high of $27.47. The stock has a 50-day moving average of $24.38 and a 200 day moving average of $24.62.

Simplify Target 15 Distribution ETF Company Profile

The Simplify Target 15 Distribution ETF (XV) is an actively managed exchange-traded fund that seeks to provide a 15% annualized distribution rate, paid monthly. The fund employs a strategy of selling barrier put options based on the worst-performing of three reference indices: S&P 500, Nasdaq 100, and Russell 2000. This approach aims to generate higher income levels compared to traditional fixed-income products, with defined downside risk through barrier levels. The fund offers a unique source of monthly income differentiated from traditional fixed income or volatility selling strategies.