NewEdge Advisors LLC Lowers Stock Position in Simplify High Yield ETF $CDX

NewEdge Advisors LLC reduced its position in shares of Simplify High Yield ETF (NYSEARCA:CDX) by 14.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 194,856 shares of the company’s stock after selling 33,285 shares during the period. NewEdge Advisors LLC owned 0.93% of Simplify High Yield ETF worth $4,158,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CDX. Meridian Wealth Management LLC bought a new stake in Simplify High Yield ETF in the 4th quarter worth about $7,109,000. Orion Porfolio Solutions LLC lifted its position in shares of Simplify High Yield ETF by 1,306.2% during the 4th quarter. Orion Porfolio Solutions LLC now owns 318,520 shares of the company’s stock worth $7,093,000 after buying an additional 295,869 shares in the last quarter. Drive Wealth Management LLC lifted its position in shares of Simplify High Yield ETF by 177.2% during the 4th quarter. Drive Wealth Management LLC now owns 372,252 shares of the company’s stock worth $8,290,000 after buying an additional 237,952 shares in the last quarter. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Simplify High Yield ETF in the 4th quarter worth approximately $4,935,000. Finally, Osaic Holdings Inc. boosted its stake in shares of Simplify High Yield ETF by 230.1% in the 4th quarter. Osaic Holdings Inc. now owns 279,015 shares of the company’s stock worth $6,214,000 after buying an additional 194,490 shares during the last quarter.

Simplify High Yield ETF Stock Up 1.0%

CDX stock opened at $20.63 on Friday. The firm has a market cap of $376.08 million, a PE ratio of 11.17 and a beta of 0.30. The business has a 50 day moving average of $21.02 and a 200-day moving average of $21.50. Simplify High Yield ETF has a 12-month low of $20.42 and a 12-month high of $23.33.

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.