Park Edge Advisors LLC Buys 185,176 Shares of Simplify High Yield ETF $CDX

Park Edge Advisors LLC boosted its stake in shares of Simplify High Yield ETF (NYSEARCA:CDX) by 43.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 612,977 shares of the company’s stock after buying an additional 185,176 shares during the quarter. Simplify High Yield ETF makes up approximately 3.7% of Park Edge Advisors LLC’s portfolio, making the stock its 3rd biggest position. Park Edge Advisors LLC owned 5.59% of Simplify High Yield ETF worth $14,295,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Avantax Advisory Services Inc. lifted its holdings in Simplify High Yield ETF by 10.4% during the 1st quarter. Avantax Advisory Services Inc. now owns 41,902 shares of the company’s stock worth $961,000 after buying an additional 3,948 shares during the period. Centennial Wealth Advisory LLC lifted its holdings in Simplify High Yield ETF by 23.1% during the 1st quarter. Centennial Wealth Advisory LLC now owns 53,352 shares of the company’s stock worth $1,224,000 after buying an additional 9,996 shares during the period. Jane Street Group LLC acquired a new position in Simplify High Yield ETF during the 4th quarter worth about $352,000. Mid American Wealth Advisory Group Inc. lifted its holdings in Simplify High Yield ETF by 26.4% during the 1st quarter. Mid American Wealth Advisory Group Inc. now owns 129,895 shares of the company’s stock worth $2,980,000 after buying an additional 27,097 shares during the period. Finally, Flagship Harbor Advisors LLC lifted its holdings in Simplify High Yield ETF by 19.5% during 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.

Simplify High Yield ETF Trading Up 0.2%

Shares of CDX opened at $22.95 on Friday. The company has a market capitalization of $296.74 million, a PE ratio of 11.17 and a beta of 0.42. Simplify High Yield ETF has a 12 month low of $21.57 and a 12 month high of $24.89. The stock’s 50-day moving average price is $22.98 and its two-hundred day moving average price is $23.04.

Simplify High Yield 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.