Simplify High Yield ETF $CDX Shares Sold by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC reduced its holdings in Simplify High Yield ETF (NYSEARCA:CDX) by 11.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 242,565 shares of the company’s stock after selling 30,438 shares during the quarter. Soltis Investment Advisors LLC owned 1.56% of Simplify High Yield ETF worth $4,893,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its position in Simplify High Yield ETF by 10.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,655,982 shares of the company’s stock worth $34,974,000 after acquiring an additional 159,062 shares during the period. Insight Wealth Strategies LLC increased its holdings in shares of Simplify High Yield ETF by 12.4% during the second quarter. Insight Wealth Strategies LLC now owns 764,328 shares of the company’s stock valued at $16,013,000 after purchasing an additional 84,230 shares during the period. NewEdge Wealth LLC increased its holdings in shares of Simplify High Yield ETF by 9.1% during the first quarter. NewEdge Wealth LLC now owns 368,211 shares of the company’s stock valued at $7,858,000 after purchasing an additional 30,768 shares during the period. Flagship Harbor Advisors LLC increased its holdings in shares of Simplify High Yield ETF by 2.2% during the third quarter. Flagship Harbor Advisors LLC now owns 325,275 shares of the company’s stock valued at $6,561,000 after purchasing an additional 7,064 shares during the period. Finally, Envestnet Portfolio Solutions Inc. raised its stake in shares of Simplify High Yield ETF by 10.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 267,497 shares of the company’s stock valued at $5,650,000 after purchasing an additional 25,739 shares in the last quarter.

Simplify High Yield ETF Stock Down 0.1%

Shares of NYSEARCA CDX opened at $20.16 on Friday. The stock has a market cap of $312.48 million, a P/E ratio of 11.17 and a beta of 0.30. The firm’s 50-day simple moving average is $20.42 and its 200 day simple moving average is $21.18. Simplify High Yield ETF has a fifty-two week low of $20.06 and a fifty-two week high 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. CDX was launched on Feb 14, 2022 and is managed by Simplify.