Simplify High Yield PLUS Credit Hedge ETF (NYSEARCA:CDX) is Simplify Asset Management Inc.’s 9th Largest Position

Simplify Asset Management Inc. cut its holdings in Simplify High Yield PLUS Credit Hedge ETF (NYSEARCA:CDX) by 66.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,374,907 shares of the company’s stock after selling 2,671,090 shares during the period. Simplify High Yield PLUS Credit Hedge ETF comprises about 1.5% of Simplify Asset Management Inc.’s holdings, making the stock its 9th largest position. Simplify Asset Management Inc. owned 29.57% of Simplify High Yield PLUS Credit Hedge ETF worth $32,636,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. AE Wealth Management LLC acquired a new stake in Simplify High Yield PLUS Credit Hedge ETF during the 2nd quarter worth approximately $402,000. SFG Wealth Management LLC. acquired a new stake in shares of Simplify High Yield PLUS Credit Hedge ETF during the second quarter worth $528,000. Avantax Advisory Services Inc. grew its position in Simplify High Yield PLUS Credit Hedge ETF by 20.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 43,088 shares of the company’s stock valued at $988,000 after buying an additional 7,200 shares during the last quarter. Centennial Wealth Advisory LLC purchased a new position in Simplify High Yield PLUS Credit Hedge ETF in the 3rd quarter valued at $1,156,000. Finally, Mid American Wealth Advisory Group Inc. acquired a new position in Simplify High Yield PLUS Credit Hedge ETF in the 3rd quarter valued at $1,512,000.

Simplify High Yield PLUS Credit Hedge ETF Stock Down 0.4 %

Shares of CDX stock traded down $0.09 during mid-day trading on Friday, hitting $23.28. The stock had a trading volume of 5,770 shares, compared to its average volume of 50,779. The company’s 50-day simple moving average is $23.60 and its 200-day simple moving average is $23.37. Simplify High Yield PLUS Credit Hedge ETF has a fifty-two week low of $21.34 and a fifty-two week high of $25.59.

About Simplify High Yield PLUS Credit Hedge 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.