Security National Bank Invests $4.10 Million in Simplify High Yield ETF $CDX

Security National Bank acquired a new stake in Simplify High Yield ETF (NYSEARCA:CDX) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 179,049 shares of the company’s stock, valued at approximately $4,102,000. Security National Bank owned approximately 1.00% of Simplify High Yield ETF at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. AE Wealth Management LLC lifted its holdings in shares of 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 valued at $20,118,000 after buying an additional 303,406 shares during the period. Park Edge Advisors LLC raised its position in Simplify High Yield ETF by 17.3% in the third quarter. Park Edge Advisors LLC now owns 719,012 shares of the company’s stock worth $16,473,000 after acquiring an additional 106,035 shares in the last quarter. Insight Wealth Strategies LLC acquired a new stake in Simplify High Yield ETF in the third quarter valued at $11,795,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Simplify High Yield ETF during the 2nd quarter worth $7,890,000. Finally, Altiora Financial Group LLC purchased a new stake in shares of Simplify High Yield ETF during the 2nd quarter worth $5,840,000.

Simplify High Yield ETF Stock Up 0.0%

NYSEARCA:CDX opened at $22.29 on Wednesday. The firm’s fifty day simple moving average is $22.56 and its 200-day simple moving average is $22.83. The stock has a market cap of $405.68 million, a PE ratio of 11.17 and a beta of 0.33. Simplify High Yield ETF has a fifty-two week low of $21.71 and a fifty-two week high of $24.89.

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.