Prosperity Wealth Management Inc. Invests $1.87 Million in Simplify Enhanced Income ETF (NYSEARCA:HIGH)

Prosperity Wealth Management Inc. bought a new stake in Simplify Enhanced Income ETF (NYSEARCA:HIGH) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 76,081 shares of the company’s stock, valued at approximately $1,869,000. Simplify Enhanced Income ETF makes up about 1.2% of Prosperity Wealth Management Inc.’s investment portfolio, making the stock its 17th biggest position. Prosperity Wealth Management Inc. owned about 4.30% of Simplify Enhanced Income ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of HIGH. New Millennium Group LLC bought a new stake in Simplify Enhanced Income ETF in the fourth quarter valued at approximately $33,000. Osaic Holdings Inc. bought a new position in shares of Simplify Enhanced Income ETF during the second quarter valued at about $91,000. Fortitude Family Office LLC purchased a new stake in shares of Simplify Enhanced Income ETF during the fourth quarter worth about $120,000. Richard P Slaughter Associates Inc bought a new stake in shares of Simplify Enhanced Income ETF in the fourth quarter worth about $201,000. Finally, AlphaMark Advisors LLC bought a new stake in shares of Simplify Enhanced Income ETF in the third quarter worth about $210,000.

Simplify Enhanced Income ETF Stock Performance

NYSEARCA:HIGH remained flat at $24.35 on Wednesday. 56,610 shares of the company’s stock were exchanged, compared to its average volume of 276,317. Simplify Enhanced Income ETF has a 1-year low of $24.30 and a 1-year high of $25.71. The stock’s 50 day moving average is $24.46 and its two-hundred day moving average is $24.61.

Simplify Enhanced Income ETF Company Profile

The Simplify Enhanced Income ETF (HIGH) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund seeks to provide monthly income by holding a short-term portfolio of income-producing US Treasurys and utilizing an option spread writing strategy. HIGH was launched on Oct 27, 2022 and is managed by Simplify.