Simplify High Yield ETF $CDX Stake Lifted by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its stake in Simplify High Yield ETF (NYSEARCA:CDX) by 10.8% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 378,551 shares of the company’s stock after buying an additional 36,974 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 2.13% of Simplify High Yield ETF worth $8,654,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. AE Wealth Management LLC increased its holdings in shares of Simplify High Yield ETF by 54.2% in the 2nd quarter. AE Wealth Management LLC now owns 862,680 shares of the company’s stock worth $20,118,000 after acquiring an additional 303,406 shares during the period. Park Edge Advisors LLC boosted its position in shares of Simplify High Yield ETF by 17.3% during the third quarter. Park Edge Advisors LLC now owns 719,012 shares of the company’s stock worth $16,473,000 after buying an additional 106,035 shares during the period. Insight Wealth Strategies LLC acquired a new position in shares of Simplify High Yield ETF during the third quarter worth approximately $11,795,000. Commonwealth Equity Services LLC grew its holdings in Simplify High Yield ETF by 1.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 373,713 shares of the company’s stock worth $8,562,000 after buying an additional 4,819 shares in the last quarter. Finally, Altiora Financial Group LLC acquired a new stake in Simplify High Yield ETF in the 2nd quarter valued at approximately $5,840,000.

Simplify High Yield ETF Price Performance

Shares of Simplify High Yield ETF stock opened at $22.31 on Friday. Simplify High Yield ETF has a 1-year low of $21.77 and a 1-year high of $24.89. The business’s fifty day moving average price is $22.39 and its two-hundred day moving average price is $22.72. The company has a market capitalization of $459.14 million, a P/E ratio of 11.17 and a beta of 0.33.

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. CDX was launched on Feb 14, 2022 and is managed by Simplify.