Insight Wealth Strategies LLC Acquires Shares of 514,852 Simplify High Yield ETF $CDX

Insight Wealth Strategies LLC bought a new position in Simplify High Yield ETF (NYSEARCA:CDX) during the third quarter, HoldingsChannel.com reports. The fund bought 514,852 shares of the company’s stock, valued at approximately $11,795,000. Simplify High Yield ETF makes up about 1.4% of Insight Wealth Strategies LLC’s holdings, making the stock its 23rd largest holding.

A number of other institutional investors have also recently made changes to their positions in the business. Beacon Capital Management LLC purchased a new position in Simplify High Yield ETF in the second quarter worth about $41,000. TD Waterhouse Canada Inc. purchased a new stake in Simplify High Yield ETF during the second quarter valued at approximately $44,000. PNC Financial Services Group Inc. bought a new stake in shares of Simplify High Yield ETF in the 2nd quarter valued at approximately $49,000. Ameritas Advisory Services LLC purchased a new position in shares of Simplify High Yield ETF in the 2nd quarter worth approximately $53,000. Finally, Heck Capital Advisors LLC purchased a new position in shares of Simplify High Yield ETF in the 2nd quarter worth approximately $223,000.

Simplify High Yield ETF Stock Performance

NYSEARCA:CDX opened at $22.42 on Tuesday. The stock’s fifty day moving average is $22.66 and its 200 day moving average is $22.89. Simplify High Yield ETF has a fifty-two week low of $21.57 and a fifty-two week high of $24.89. The firm has a market capitalization of $408.04 million, a PE ratio of 11.17 and a beta of 0.33.

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.