Silver Oak Securities Incorporated Invests $1.33 Million in Simplify High Yield ETF $CDX

Silver Oak Securities Incorporated bought a new position in shares of Simplify High Yield ETF (NYSEARCA:CDX) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 58,194 shares of the company’s stock, valued at approximately $1,333,000. Silver Oak Securities Incorporated owned about 0.33% of Simplify High Yield ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CDX. Insight Wealth Strategies LLC bought a new stake in Simplify High Yield ETF during the 3rd quarter worth about $11,795,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Simplify High Yield ETF in the second quarter valued at about $7,890,000. AE Wealth Management LLC raised its holdings in Simplify High Yield ETF by 54.2% during the second quarter. AE Wealth Management LLC now owns 862,680 shares of the company’s stock worth $20,118,000 after acquiring an additional 303,406 shares in the last quarter. Altiora Financial Group LLC acquired a new position in Simplify High Yield ETF during the second quarter valued at approximately $5,840,000. Finally, Park Edge Advisors LLC boosted its position in Simplify High Yield ETF by 43.3% during the second quarter. Park Edge Advisors LLC now owns 612,977 shares of the company’s stock valued at $14,295,000 after purchasing an additional 185,176 shares during the last quarter.

Simplify High Yield ETF Stock Down 0.3%

CDX stock opened at $22.20 on Friday. The company has a market cap of $462.43 million, a price-to-earnings ratio of 11.17 and a beta of 0.33. Simplify High Yield ETF has a twelve month low of $21.73 and a twelve month high of $24.89. The business has a 50 day moving average price of $22.52 and a two-hundred day moving average price of $22.81.

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.