Whalen Wealth Management Inc. Grows Holdings in Simplify High Yield ETF $CDX

Whalen Wealth Management Inc. grew its stake in shares of Simplify High Yield ETF (NYSEARCA:CDX) by 106.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 102,101 shares of the company’s stock after purchasing an additional 52,634 shares during the quarter. Simplify High Yield ETF makes up approximately 1.4% of Whalen Wealth Management Inc.’s investment portfolio, making the stock its 17th largest position. Whalen Wealth Management Inc. owned approximately 0.60% of Simplify High Yield ETF worth $2,339,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in CDX. Beacon Capital Management LLC purchased a new stake in Simplify High Yield ETF in the 2nd quarter valued at about $41,000. TD Waterhouse Canada Inc. purchased a new stake in shares of Simplify High Yield ETF in the second quarter valued at approximately $44,000. PNC Financial Services Group Inc. purchased a new stake in shares of Simplify High Yield ETF in the second quarter valued at approximately $49,000. Ameritas Advisory Services LLC bought a new position in Simplify High Yield ETF in the second quarter worth approximately $53,000. Finally, Steward Partners Investment Advisory LLC increased its holdings in Simplify High Yield ETF by 6.5% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 84,178 shares of the company’s stock worth $1,963,000 after purchasing an additional 5,142 shares during the period.

Simplify High Yield ETF Stock Up 0.0%

Shares of NYSEARCA CDX opened at $22.43 on Friday. Simplify High Yield ETF has a twelve month low of $21.57 and a twelve month high of $24.89. The firm has a market cap of $408.23 million, a PE ratio of 11.17 and a beta of 0.33. The business has a fifty day simple moving average of $22.64 and a two-hundred day simple moving average of $22.88.

Simplify High Yield ETF 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.