Altiora Financial Group LLC Raises Holdings in Simplify High Yield ETF $CDX

Altiora Financial Group LLC boosted its stake in shares of Simplify High Yield ETF (NYSEARCA:CDX) by 301.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,005,361 shares of the company’s stock after buying an additional 754,944 shares during the period. Simplify High Yield ETF makes up about 4.2% of Altiora Financial Group LLC’s investment portfolio, making the stock its 6th largest holding. Altiora Financial Group LLC owned 5.57% of Simplify High Yield ETF worth $23,033,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Belpointe Asset Management LLC boosted its holdings in Simplify High Yield ETF by 9.3% in the third quarter. Belpointe Asset Management LLC now owns 10,465 shares of the company’s stock worth $240,000 after acquiring an additional 890 shares in the last quarter. TD Waterhouse Canada Inc. bought a new position in Simplify High Yield ETF in the 2nd quarter worth about $44,000. PNC Financial Services Group Inc. bought a new position in Simplify High Yield ETF in the 2nd quarter worth about $49,000. Ameritas Advisory Services LLC purchased a new stake in Simplify High Yield ETF during the 2nd quarter valued at about $53,000. Finally, Heck Capital Advisors LLC increased its stake in Simplify High Yield ETF by 24.9% during the 3rd quarter. Heck Capital Advisors LLC now owns 11,945 shares of the company’s stock valued at $274,000 after purchasing an additional 2,384 shares in the last quarter.

Simplify High Yield ETF Stock Performance

Shares of Simplify High Yield ETF stock opened at $21.94 on Friday. The company has a 50-day simple moving average of $22.30 and a two-hundred day simple moving average of $22.66. The stock has a market capitalization of $480.92 million, a PE ratio of 11.17 and a beta of 0.33. Simplify High Yield ETF has a 52-week low of $21.77 and a 52-week high of $24.89.

Simplify High Yield ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Investors of record on Tuesday, January 27th were issued a $0.15 dividend. This represents a c) dividend on an annualized basis and a yield of 8.2%. The ex-dividend date was Tuesday, January 27th.

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.