NewEdge Wealth LLC boosted its stake in Simplify High Yield ETF (NYSEARCA:CDX – Free Report) by 9.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 368,211 shares of the company’s stock after purchasing an additional 30,768 shares during the quarter. NewEdge Wealth LLC owned about 1.76% of Simplify High Yield ETF worth $7,858,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wells Fargo & Company MN purchased a new position in Simplify High Yield ETF during the fourth quarter worth approximately $27,000. Arax Advisory Partners acquired a new stake in shares of Simplify High Yield ETF during the 4th quarter worth $28,000. Private Trust Co. NA acquired a new stake in shares of Simplify High Yield ETF during the 4th quarter worth $30,000. Clearstead Advisors LLC acquired a new stake in shares of Simplify High Yield ETF during the 4th quarter worth $38,000. Finally, NBC Securities Inc. purchased a new position in shares of Simplify High Yield ETF in the 4th quarter worth $42,000.
Simplify High Yield ETF Trading Up 0.1%
Shares of Simplify High Yield ETF stock opened at $20.87 on Friday. Simplify High Yield ETF has a twelve month low of $20.71 and a twelve month high of $23.33. The stock has a market capitalization of $382.96 million, a P/E ratio of 11.17 and a beta of 0.30. The business’s fifty day moving average price is $21.08 and its 200 day moving average price is $21.56.
About Simplify High Yield ETF
The Simplify High Yield PLUS Credit Hedge ETF (CDX) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is a fund-of-funds that invests in US high-yield bond ETFs with different maturities. It also provides a credit hedge overlay, which may contain S&P 500 Index (SPX) puts. CDX was launched on Feb 14, 2022 and is managed by Simplify.
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