Simplify High Yield ETF $CDX is Park Edge Advisors LLC’s 2nd Largest Position

Park Edge Advisors LLC lifted its holdings in Simplify High Yield ETF (NYSEARCA:CDX) by 4.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 753,087 shares of the company’s stock after purchasing an additional 34,075 shares during the period. Simplify High Yield ETF comprises approximately 3.8% of Park Edge Advisors LLC’s holdings, making the stock its 2nd biggest position. Park Edge Advisors LLC owned approximately 3.72% of Simplify High Yield ETF worth $16,771,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. AE Wealth Management LLC increased its holdings in Simplify High Yield ETF by 20.8% during the third quarter. AE Wealth Management LLC now owns 1,042,223 shares of the company’s stock valued at $23,877,000 after buying an additional 179,543 shares during the last quarter. Altiora Financial Group LLC boosted its stake in shares of Simplify High Yield ETF by 301.5% during the 3rd quarter. Altiora Financial Group LLC now owns 1,005,361 shares of the company’s stock worth $23,033,000 after acquiring an additional 754,944 shares during the last quarter. Insight Wealth Strategies LLC grew its position in shares of Simplify High Yield ETF by 25.7% during the 4th quarter. Insight Wealth Strategies LLC now owns 647,232 shares of the company’s stock valued at $14,414,000 after acquiring an additional 132,380 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of Simplify High Yield ETF by 10.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 378,551 shares of the company’s stock valued at $8,654,000 after acquiring an additional 36,974 shares during the period. Finally, Commonwealth Equity Services LLC increased its stake in shares of Simplify High Yield ETF by 1.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 373,713 shares of the company’s stock worth $8,562,000 after purchasing an additional 4,819 shares in the last quarter.

Simplify High Yield ETF Stock Performance

Shares of Simplify High Yield ETF stock opened at $21.37 on Friday. Simplify High Yield ETF has a one year low of $21.16 and a one year high of $24.89. The stock’s fifty day moving average is $21.87 and its 200 day moving average is $22.34. The stock has a market cap of $468.43 million, a P/E ratio of 11.17 and a beta of 0.33.

Simplify High Yield ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Tuesday, February 24th were given a $0.15 dividend. The ex-dividend date was Tuesday, February 24th. This represents a c) dividend on an annualized basis and a yield of 8.4%.

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. CDX was launched on Feb 14, 2022 and is managed by Simplify.