SlateStone Wealth LLC Raises Position in Simplify High Yield ETF $CDX

SlateStone Wealth LLC grew its holdings in shares of Simplify High Yield ETF (NYSEARCA:CDX) by 18.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 194,553 shares of the company’s stock after purchasing an additional 29,991 shares during the quarter. SlateStone Wealth LLC owned approximately 0.89% of Simplify High Yield ETF worth $4,333,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Private Trust Co. NA acquired a new stake in shares of Simplify High Yield ETF during the 4th quarter worth $30,000. Clearstead Advisors LLC acquired a new stake in shares of Simplify High Yield ETF during the 4th quarter worth $38,000. NBC Securities Inc. acquired a new stake in shares of Simplify High Yield ETF during the 4th quarter worth $42,000. PNC Financial Services Group Inc. increased its holdings in shares of Simplify High Yield ETF by 95.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 4,100 shares of the company’s stock worth $94,000 after buying an additional 2,000 shares during the last quarter. Finally, CWM LLC acquired a new stake in shares of Simplify High Yield ETF during the 4th quarter worth $120,000.

Simplify High Yield ETF Stock Up 0.7%

CDX stock opened at $21.17 on Friday. The company has a market cap of $443.51 million, a price-to-earnings ratio of 11.17 and a beta of 0.30. The business has a fifty day simple moving average of $21.37 and a 200-day simple moving average of $21.90. Simplify High Yield ETF has a 52 week low of $21.02 and a 52 week high of $23.38.

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.