Pekin Hardy Strauss Inc. Acquires New Stake in Simplify High Yield ETF $CDX

Pekin Hardy Strauss Inc. bought a new position in shares of Simplify High Yield ETF (NYSEARCA:CDX) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 92,537 shares of the company’s stock, valued at approximately $1,866,000. Pekin Hardy Strauss Inc. owned about 0.61% of Simplify High Yield ETF at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Commonwealth Equity Services LLC purchased a new stake in Simplify High Yield ETF in the 3rd quarter valued at $3,687,000. Fifth Third Securities Inc. purchased a new position in Simplify High Yield ETF during the 3rd quarter worth $3,454,000. Envestnet Asset Management Inc. grew 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 purchasing an additional 159,062 shares during the last quarter. Insight Wealth Strategies LLC grew its position in Simplify High Yield ETF by 12.4% during the 2nd quarter. Insight Wealth Strategies LLC now owns 764,328 shares of the company’s stock worth $16,013,000 after purchasing an additional 84,230 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in Simplify High Yield ETF by 577.3% in the first quarter. Janney Montgomery Scott LLC now owns 71,939 shares of the company’s stock valued at $1,535,000 after purchasing an additional 61,317 shares during the period.

Simplify High Yield ETF Stock Performance

NYSEARCA CDX traded up $0.08 during trading on Friday, reaching $19.92. The company’s stock had a trading volume of 112,223 shares, compared to its average volume of 152,872. The business’s fifty day moving average price is $20.33 and its 200-day moving average price is $21.11. Simplify High Yield ETF has a twelve month low of $19.74 and a twelve month high of $22.88. The firm has a market cap of $300.79 million, a price-to-earnings ratio of 11.17 and a beta of 0.33.

About Simplify High Yield ETF

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.