Brookstone Capital Management purchased a new position in Simplify High Yield ETF (NYSEARCA:CDX – Free Report) in the second quarter, HoldingsChannel reports. The firm purchased 53,230 shares of the company’s stock, valued at approximately $1,241,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC acquired a new stake in Simplify High Yield ETF during the second quarter valued at approximately $1,085,000. Belpointe Asset Management LLC acquired a new stake in Simplify High Yield ETF during the second quarter valued at approximately $223,000. Beacon Capital Management LLC acquired a new stake in Simplify High Yield ETF during the second quarter valued at approximately $41,000. Summit Financial LLC lifted its stake in Simplify High Yield ETF by 733.0% during the first 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 during the last quarter. Finally, Avantax Advisory Services Inc. lifted its stake in Simplify High Yield ETF by 10.4% during the first quarter. Avantax Advisory Services Inc. now owns 41,902 shares of the company’s stock valued at $961,000 after purchasing an additional 3,948 shares during the last quarter.
Simplify High Yield ETF Price Performance
CDX stock opened at $22.85 on Friday. Simplify High Yield ETF has a 12 month low of $21.57 and a 12 month high of $24.89. The firm has a market cap of $406.73 million, a PE ratio of 11.17 and a beta of 0.42. The firm has a 50 day simple moving average of $22.86 and a 200 day simple moving average of $23.03.
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.
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Want to see what other hedge funds are holding CDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Simplify High Yield ETF (NYSEARCA:CDX – Free Report).
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