200,172 Shares in Simplify High Yield ETF $CDX Acquired by Kensington Asset Management LLC

Kensington Asset Management LLC purchased a new stake in shares of Simplify High Yield ETF (NYSEARCA:CDX) during the third quarter, Holdings Channel.com reports. The firm purchased 200,172 shares of the company’s stock, valued at approximately $4,586,000. Simplify High Yield ETF comprises about 0.3% of Kensington Asset Management LLC’s holdings, making the stock its 27th largest holding.

Several other large investors have also recently made changes to their positions in the business. AE Wealth Management LLC increased its stake in 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 purchasing an additional 303,406 shares during the period. Pekin Hardy Strauss Inc. bought a new position in shares of Simplify High Yield ETF in the second quarter worth approximately $2,209,000. Steward Partners Investment Advisory LLC increased its stake in shares of Simplify High Yield ETF by 6.5% in the second quarter. Steward Partners Investment Advisory LLC now owns 84,178 shares of the company’s stock worth $1,963,000 after buying an additional 5,142 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Simplify High Yield ETF by 150.8% in the second quarter. Envestnet Asset Management Inc. now owns 69,813 shares of the company’s stock worth $1,628,000 after buying an additional 41,978 shares during the period. Finally, CreativeOne Wealth LLC bought a new stake in Simplify High Yield ETF during the 2nd quarter valued at $384,000.

Simplify High Yield ETF Stock Up 0.0%

Shares of Simplify High Yield ETF stock opened at $21.99 on Thursday. The company’s fifty day simple moving average is $22.20 and its two-hundred day simple moving average is $22.57. Simplify High Yield ETF has a 12-month low of $21.77 and a 12-month high of $24.89. The firm has a market cap of $482.02 million, a PE ratio of 11.17 and a beta of 0.33.

Simplify High Yield ETF Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Tuesday, February 24th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, February 24th. This represents a c) annualized dividend and a dividend yield of 8.2%.

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