Napa Wealth Management Acquires New Stake in Simplify Multi-QIS Alternative ETF (NYSEARCA:QIS)

Napa Wealth Management bought a new position in shares of Simplify Multi-QIS Alternative ETF (NYSEARCA:QIS) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 17,194 shares of the company’s stock, valued at approximately $423,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Richard P Slaughter Associates Inc increased its stake in shares of Simplify Multi-QIS Alternative ETF by 6.3% in the second quarter. Richard P Slaughter Associates Inc now owns 29,527 shares of the company’s stock valued at $747,000 after buying an additional 1,758 shares during the period. Simplify Asset Management Inc. boosted its holdings in Simplify Multi-QIS Alternative ETF by 4.6% in the third quarter. Simplify Asset Management Inc. now owns 62,035 shares of the company’s stock valued at $1,526,000 after acquiring an additional 2,700 shares during the last quarter. Matrix Trust Co bought a new stake in Simplify Multi-QIS Alternative ETF in the third quarter valued at approximately $110,000. Hobbs Group Advisors LLC acquired a new stake in Simplify Multi-QIS Alternative ETF during the 2nd quarter valued at approximately $195,000. Finally, Twelve Points Wealth Management LLC bought a new position in Simplify Multi-QIS Alternative ETF during the 3rd quarter worth approximately $225,000.

Simplify Multi-QIS Alternative ETF Stock Performance

Shares of NYSEARCA QIS opened at $24.74 on Monday. The company’s 50 day moving average price is $24.43 and its 200-day moving average price is $24.93. Simplify Multi-QIS Alternative ETF has a 52-week low of $22.70 and a 52-week high of $26.55.

About Simplify Multi-QIS Alternative ETF

The Simplify Multi-QIS Alternative ETF (QIS) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund aims to provide positive absolute returns and income using quantitative investment strategies to invest across equities, interest rates, commodities, and currencies through total return swaps.