525,000 Simplify Target 15 Distribution ETF $XV Shares Acquired by Simplify Asset Management Inc.

Simplify Asset Management Inc. grew its stake in Simplify Target 15 Distribution ETF (NYSEARCA:XV) by 84.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,149,406 shares of the company’s stock after purchasing an additional 525,000 shares during the quarter. Simplify Target 15 Distribution ETF makes up 0.5% of Simplify Asset Management Inc.’s holdings, making the stock its 11th biggest position. Simplify Asset Management Inc. owned about 0.26% of Simplify Target 15 Distribution ETF worth $27,701,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. WealthCare Asset Management LLC purchased a new stake in shares of Simplify Target 15 Distribution ETF during the first quarter worth about $248,000. Legacy Wealth Managment LLC ID raised its position in shares of Simplify Target 15 Distribution ETF by 3,112.1% during the 2nd quarter. Legacy Wealth Managment LLC ID now owns 11,917 shares of the company’s stock worth $295,000 after purchasing an additional 11,546 shares during the last quarter. SteelPeak Wealth LLC purchased a new position in Simplify Target 15 Distribution ETF in the 3rd quarter valued at about $367,000. Winnacle Wealth LLC purchased a new position in Simplify Target 15 Distribution ETF in the 3rd quarter valued at about $792,000. Finally, Brookstone Capital Management purchased a new position in Simplify Target 15 Distribution ETF in the 3rd quarter valued at about $858,000.

Simplify Target 15 Distribution ETF Trading Up 0.1%

XV stock opened at $23.88 on Thursday. Simplify Target 15 Distribution ETF has a 12-month low of $23.40 and a 12-month high of $27.47. The business’s 50-day moving average is $24.38 and its 200 day moving average is $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.