CVS HEALTH Corp Acquires Shares of 14,500 Simplify Interest Rate Hedge ETF $PFIX

CVS HEALTH Corp acquired a new position in shares of Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 14,500 shares of the company’s stock, valued at approximately $670,000. Simplify Interest Rate Hedge ETF accounts for about 0.3% of CVS HEALTH Corp’s portfolio, making the stock its 25th biggest position. CVS HEALTH Corp owned about 0.33% of Simplify Interest Rate Hedge ETF as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Geneos Wealth Management Inc. acquired a new stake in shares of Simplify Interest Rate Hedge ETF during the first quarter worth $44,000. Anchor Investment Management LLC increased its stake in Simplify Interest Rate Hedge ETF by 121.6% in the 1st quarter. Anchor Investment Management LLC now owns 20,445 shares of the company’s stock valued at $945,000 after buying an additional 11,220 shares during the period. Ball & Co Wealth Management Inc. acquired a new position in Simplify Interest Rate Hedge ETF in the 1st quarter valued at $97,000. Griffin Asset Management Inc. purchased a new position in Simplify Interest Rate Hedge ETF during the 1st quarter worth $308,000. Finally, Drum Hill Capital LLC raised its position in Simplify Interest Rate Hedge ETF by 25.9% during the 1st quarter. Drum Hill Capital LLC now owns 143,638 shares of the company’s stock worth $6,640,000 after buying an additional 29,592 shares during the last quarter.

Simplify Interest Rate Hedge ETF Stock Performance

PFIX stock opened at $47.34 on Tuesday. Simplify Interest Rate Hedge ETF has a one year low of $41.37 and a one year high of $60.97. The company has a fifty day moving average of $46.41 and a 200-day moving average of $45.96.

About Simplify Interest Rate Hedge ETF

The Simplify Interest Rate Hedge ETF (PFIX) is an exchange-traded fund that mostly invests in spreads alternatives. The fund is actively managed to provide a hedge against a sharp increase in long-term interest rates. The fund holds OTC interest rate options, US Treasurys, and US Treasury Inflation-Protected Securities (TIPS). PFIX was launched on May 10, 2021 and is managed by Simplify.