NewEdge Wealth LLC Boosts Position in Simplify High Yield ETF $CDX

NewEdge Wealth LLC raised its holdings in shares of Simplify High Yield ETF (NYSEARCA:CDX) by 9.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 368,211 shares of the company’s stock after buying an additional 30,768 shares during the period. NewEdge Wealth LLC’s holdings in Simplify High Yield ETF were worth $7,858,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AE Wealth Management LLC grew its stake in Simplify High Yield ETF by 16.8% during the fourth quarter. AE Wealth Management LLC now owns 1,216,909 shares of the company’s stock worth $27,101,000 after buying an additional 174,686 shares during the period. Altiora Financial Group LLC raised its stake in shares of Simplify High Yield ETF by 6.9% in the 4th quarter. Altiora Financial Group LLC now owns 1,074,402 shares of the company’s stock valued at $23,927,000 after acquiring an additional 69,041 shares during the period. Park Edge Advisors LLC raised its stake in shares of Simplify High Yield ETF by 0.4% in the 1st quarter. Park Edge Advisors LLC now owns 755,936 shares of the company’s stock valued at $16,132,000 after acquiring an additional 2,849 shares during the period. Commonwealth Equity Services LLC lifted its holdings in shares of Simplify High Yield ETF by 3.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 386,656 shares of the company’s stock valued at $8,611,000 after acquiring an additional 12,943 shares in the last quarter. Finally, Drive Wealth Management LLC lifted its holdings 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 valued at $8,290,000 after acquiring an additional 237,952 shares in the last quarter.

Simplify High Yield ETF Trading Up 0.1%

Shares of Simplify High Yield ETF stock opened at $20.87 on Friday. The company has a fifty day moving average price of $21.08 and a 200 day moving average price of $21.56. Simplify High Yield ETF has a twelve month low of $20.71 and a twelve month high of $23.33. The stock has a market cap of $382.96 million, a price-to-earnings ratio of 11.17 and a beta of 0.30.

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.