Envestnet Portfolio Solutions Inc. Makes New $4.94 Million Investment in Simplify High Yield ETF $CDX

Envestnet Portfolio Solutions Inc. acquired a new position in Simplify High Yield ETF (NYSEARCA:CDX) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 221,593 shares of the company’s stock, valued at approximately $4,935,000.

Other institutional investors have also added to or reduced their stakes in the company. Private Trust Co. NA bought a new position in Simplify High Yield ETF in the fourth quarter worth $30,000. NBC Securities Inc. bought a new position in Simplify High Yield ETF in the fourth quarter worth $42,000. PNC Financial Services Group Inc. raised its holdings in Simplify High Yield ETF by 95.2% in the third quarter. PNC Financial Services Group Inc. now owns 4,100 shares of the company’s stock worth $94,000 after purchasing an additional 2,000 shares in the last quarter. CWM LLC bought a new position in Simplify High Yield ETF in the fourth quarter worth $120,000. Finally, Triumph Capital Management bought a new position in Simplify High Yield ETF in the third quarter worth $217,000.

Simplify High Yield ETF Price Performance

Shares of NYSEARCA:CDX opened at $21.37 on Friday. Simplify High Yield ETF has a 1-year low of $21.12 and a 1-year high of $23.38. The business has a fifty day moving average price of $21.47 and a 200-day moving average price of $22.01. The company has a market capitalization of $447.70 million, a PE ratio of 11.17 and a beta of 0.31.

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.