Napa Wealth Management Takes Position in Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI)

Napa Wealth Management acquired a new stake in Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 20,222 shares of the company’s stock, valued at approximately $447,000.

Separately, Cambridge Advisors Inc. increased its holdings in Simplify Bitcoin Strategy PLUS Income ETF by 3.9% in the second quarter. Cambridge Advisors Inc. now owns 11,074 shares of the company’s stock valued at $279,000 after buying an additional 419 shares in the last quarter.

Simplify Bitcoin Strategy PLUS Income ETF Trading Down 1.3 %

MAXI stock opened at $29.75 on Monday. The firm has a 50 day moving average of $23.40 and a 200-day moving average of $25.08. Simplify Bitcoin Strategy PLUS Income ETF has a 12-month low of $17.20 and a 12-month high of $32.41.

Simplify Bitcoin Strategy PLUS Income ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, October 28th were given a $1.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 40.34%. The ex-dividend date of this dividend was Monday, October 28th.

Simplify Bitcoin Strategy PLUS Income ETF Profile

The Simplify Bitcoin Strategy PLUS Income ETF (MAXI) is an exchange-traded fund that mostly invests in long bitcoin, short usd currency. The fund is actively managed, aiming to provide capital appreciation and income. The fund holds long Bitcoin futures, short-term debt instruments, and near-term equity index put or call spreads MAXI was launched on Sep 29, 2022 and is managed by Simplify.