Prosperity Wealth Management Inc. Purchases Shares of 15,384 Simplify Downside Interest Rate Hedge Strategy ETF (NYSEARCA:RFIX)

Prosperity Wealth Management Inc. purchased a new stake in Simplify Downside Interest Rate Hedge Strategy ETF (NYSEARCA:RFIX) during the first quarter, Holdings Channel.com reports. The institutional investor purchased 15,384 shares of the company’s stock, valued at approximately $823,000.

Other institutional investors have also recently made changes to their positions in the company. Spectrum Wealth Counsel LLC bought a new stake in shares of Simplify Downside Interest Rate Hedge Strategy ETF in the 4th quarter valued at about $49,000. Authentikos Wealth Advisory LLC acquired a new stake in Simplify Downside Interest Rate Hedge Strategy ETF during the first quarter worth approximately $610,000. Finally, Fluent Financial LLC acquired a new stake in Simplify Downside Interest Rate Hedge Strategy ETF during the first quarter worth approximately $20,806,000.

Simplify Downside Interest Rate Hedge Strategy ETF Stock Up 3.6%

NYSEARCA RFIX opened at $47.75 on Wednesday. The business’s 50 day simple moving average is $49.34. Simplify Downside Interest Rate Hedge Strategy ETF has a one year low of $46.00 and a one year high of $60.49.

Simplify Downside Interest Rate Hedge Strategy ETF Profile

The Simplify Downside Interest Rate Hedge Strategy ETF (RFIX) is an exchange-traded fund that mostly invests in spreads alternatives. The fund is actively managed, seeking interest rate protection against the decrease in long-term interest rates and income generation in volatile market conditions. Investments include OTC interest-rate derivatives, US Treasurys, TIPS, and investment-grade bonds of any maturities.