GKV Capital Management Co. Inc. Purchases New Holdings in Simplify High Yield ETF $CDX

GKV Capital Management Co. Inc. purchased a new stake in Simplify High Yield ETF (NYSEARCA:CDX) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 27,705 shares of the company’s stock, valued at approximately $617,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. AE Wealth Management LLC lifted its stake in Simplify High Yield ETF by 16.8% in the 4th quarter. AE Wealth Management LLC now owns 1,216,909 shares of the company’s stock valued at $27,101,000 after buying an additional 174,686 shares in the last quarter. Altiora Financial Group LLC lifted its stake in Simplify High Yield ETF by 301.5% in the 3rd quarter. Altiora Financial Group LLC now owns 1,005,361 shares of the company’s stock worth $23,033,000 after purchasing an additional 754,944 shares in the last quarter. Park Edge Advisors LLC lifted its stake in Simplify High Yield ETF by 4.7% in the 4th quarter. Park Edge Advisors LLC now owns 753,087 shares of the company’s stock worth $16,771,000 after purchasing an additional 34,075 shares in the last quarter. Insight Wealth Strategies LLC lifted its stake in Simplify High Yield ETF by 25.7% in the 4th quarter. Insight Wealth Strategies LLC now owns 647,232 shares of the company’s stock worth $14,414,000 after purchasing an additional 132,380 shares in the last quarter. Finally, Drive Wealth Management LLC lifted its stake in Simplify High Yield ETF by 177.2% in the 4th quarter. Drive Wealth Management LLC now owns 372,252 shares of the company’s stock worth $8,290,000 after purchasing an additional 237,952 shares in the last quarter.

Simplify High Yield ETF Price Performance

CDX opened at $21.03 on Thursday. The company’s 50 day simple moving average is $21.38 and its two-hundred day simple moving average is $21.91. Simplify High Yield ETF has a 1-year low of $21.02 and a 1-year high of $23.38. The firm has a market capitalization of $440.58 million, a price-to-earnings ratio of 11.17 and a beta of 0.31.

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