Simplify High Yield PLUS Credit Hedge ETF (NYSEARCA:CDX) is Simplify Asset Management Inc.’s 8th Largest Position

Simplify Asset Management Inc. lowered its holdings in shares of Simplify High Yield PLUS Credit Hedge ETF (NYSEARCA:CDX) by 5.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,299,393 shares of the company’s stock after selling 75,514 shares during the period. Simplify High Yield PLUS Credit Hedge ETF comprises 1.4% of Simplify Asset Management Inc.’s portfolio, making the stock its 8th largest holding. Simplify Asset Management Inc. owned approximately 27.94% of Simplify High Yield PLUS Credit Hedge ETF worth $28,340,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. SFG Wealth Management LLC. acquired a new position in shares of Simplify High Yield PLUS Credit Hedge ETF during the 4th quarter worth approximately $704,000. Orion Portfolio Solutions LLC raised its holdings in shares of Simplify High Yield PLUS Credit Hedge ETF by 20.1% in the third quarter. Orion Portfolio Solutions LLC now owns 37,699 shares of the company’s stock worth $895,000 after acquiring an additional 6,320 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of Simplify High Yield PLUS Credit Hedge ETF by 32.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 82,930 shares of the company’s stock valued at $1,809,000 after acquiring an additional 20,263 shares in the last quarter. Mid American Wealth Advisory Group Inc. boosted its stake in shares of Simplify High Yield PLUS Credit Hedge ETF by 61.3% during the fourth quarter. Mid American Wealth Advisory Group Inc. now owns 102,798 shares of the company’s stock valued at $2,242,000 after acquiring an additional 39,084 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its position in Simplify High Yield PLUS Credit Hedge ETF by 3.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 175,977 shares of the company’s stock worth $3,838,000 after purchasing an additional 6,429 shares in the last quarter.

Simplify High Yield PLUS Credit Hedge ETF Trading Down 0.6 %

Shares of CDX stock opened at $23.05 on Friday. Simplify High Yield PLUS Credit Hedge ETF has a twelve month low of $21.34 and a twelve month high of $25.59. The company has a market capitalization of $150.52 million, a price-to-earnings ratio of 16.89 and a beta of 0.40. The firm has a 50-day moving average price of $22.61 and a 200 day moving average price of $23.01.

Simplify High Yield PLUS Credit Hedge ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 25th were paid a dividend of $0.05 per share. The ex-dividend date was Tuesday, February 25th.

Simplify High Yield PLUS Credit Hedge ETF Company 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.