Simplify Asset Management Inc. Cuts Stake in Simplify NEXT Intangible Value Index ETF (BATS:NXTV)

Simplify Asset Management Inc. lowered its holdings in shares of Simplify NEXT Intangible Value Index ETF (BATS:NXTV) by 14.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,521 shares of the company’s stock after selling 5,435 shares during the quarter. Simplify Asset Management Inc. owned approximately 0.32% of Simplify NEXT Intangible Value Index ETF worth $872,000 at the end of the most recent reporting period.

Simplify NEXT Intangible Value Index ETF Trading Down 0.7 %

Shares of BATS:NXTV traded down $0.20 during trading on Friday, hitting $28.16. 57 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $27.44 and a 200-day moving average of $26.53.

Simplify NEXT Intangible Value Index ETF Profile

The Simplify Next Intangible Value Index ETF (NXTV) is an exchange-traded fund that is based on the Next Intangible Value index. The fund tracks a market cap-weighted index of 200 US companies that exhibit low equity valuations relative to their intangible-adjusted book values within their respective sectors.