Prosperity Wealth Management Inc. Buys Shares of 15,384 Simplify Downside Interest Rate Hedge Strategy ETF (NYSEARCA:RFIX)

Prosperity Wealth Management Inc. bought a new stake in Simplify Downside Interest Rate Hedge Strategy ETF (NYSEARCA:RFIX) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,384 shares of the company’s stock, valued at approximately $823,000. Prosperity Wealth Management Inc. owned 0.49% of Simplify Downside Interest Rate Hedge Strategy ETF at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Fluent Financial LLC acquired a new stake in shares of Simplify Downside Interest Rate Hedge Strategy ETF during the first quarter worth about $20,806,000. Authentikos Wealth Advisory LLC acquired a new stake in shares of Simplify Downside Interest Rate Hedge Strategy ETF during the first quarter worth about $610,000. Finally, Spectrum Wealth Counsel LLC acquired a new stake in shares of Simplify Downside Interest Rate Hedge Strategy ETF during the fourth quarter worth about $49,000.

Simplify Downside Interest Rate Hedge Strategy ETF Trading Up 3.6%

NYSEARCA RFIX opened at $47.75 on Wednesday. The stock’s 50-day simple moving average is $49.34. Simplify Downside Interest Rate Hedge Strategy ETF has a one year low of $46.00 and a one year high of $60.49.

Simplify Downside Interest Rate Hedge Strategy ETF Company Profile

The Simplify Downside Interest Rate Hedge Strategy ETF (RFIX) is an exchange-traded fund that mostly invests in spreads alternatives. The fund is actively managed, seeking interest rate protection against the decrease in long-term interest rates and income generation in volatile market conditions. Investments include OTC interest-rate derivatives, US Treasurys, TIPS, and investment-grade bonds of any maturities.