Mid American Wealth Advisory Group Inc. Boosts Stock Holdings in Simplify High Yield ETF $CDX

Mid American Wealth Advisory Group Inc. raised its stake in Simplify High Yield ETF (NYSEARCA:CDX) by 36.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 176,740 shares of the company’s stock after purchasing an additional 46,845 shares during the quarter. Simplify High Yield ETF comprises approximately 2.0% of Mid American Wealth Advisory Group Inc.’s holdings, making the stock its 16th biggest holding. Mid American Wealth Advisory Group Inc. owned approximately 1.46% of Simplify High Yield ETF worth $4,122,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Flagship Harbor Advisors LLC raised its position in shares of Simplify High Yield ETF by 19.5% in the 1st quarter. Flagship Harbor Advisors LLC now owns 219,498 shares of the company’s stock worth $5,035,000 after buying an additional 35,796 shares during the period. SFG Wealth Management LLC. increased its stake in Simplify High Yield ETF by 157.1% during the first quarter. SFG Wealth Management LLC. now owns 83,007 shares of the company’s stock worth $1,904,000 after acquiring an additional 50,722 shares during the last quarter. AE Wealth Management LLC increased its stake in Simplify High Yield ETF by 9.6% during the first quarter. AE Wealth Management LLC now owns 559,274 shares of the company’s stock worth $12,830,000 after acquiring an additional 49,214 shares during the last quarter. Avantax Advisory Services Inc. raised its holdings in shares of Simplify High Yield ETF by 10.4% in the 1st quarter. Avantax Advisory Services Inc. now owns 41,902 shares of the company’s stock worth $961,000 after purchasing an additional 3,948 shares during the period. Finally, Summit Financial LLC lifted its stake in shares of Simplify High Yield ETF by 733.0% in the 1st quarter. Summit Financial LLC now owns 146,249 shares of the company’s stock valued at $3,355,000 after purchasing an additional 128,693 shares in the last quarter.

Simplify High Yield ETF Stock Performance

Shares of NYSEARCA:CDX opened at $22.82 on Tuesday. The stock has a 50-day simple moving average of $22.88 and a 200-day simple moving average of $23.02. The stock has a market capitalization of $406.88 million, a P/E ratio of 11.17 and a beta of 0.42. Simplify High Yield ETF has a 1 year low of $21.57 and a 1 year high of $24.89.

Simplify High Yield ETF Profile

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.