Ferguson Shapiro LLC Trims Stock Holdings in Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX)

Ferguson Shapiro LLC trimmed its holdings in Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) by 93.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,152 shares of the company’s stock after selling 146,878 shares during the period. Ferguson Shapiro LLC’s holdings in Simplify Interest Rate Hedge ETF were worth $531,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Perigon Wealth Management LLC purchased a new stake in shares of Simplify Interest Rate Hedge ETF in the fourth quarter worth approximately $399,000. Park Edge Advisors LLC raised its holdings in shares of Simplify Interest Rate Hedge ETF by 27.3% in the fourth quarter. Park Edge Advisors LLC now owns 16,830 shares of the company’s stock worth $881,000 after buying an additional 3,609 shares during the period. Mutual Advisors LLC purchased a new stake in shares of Simplify Interest Rate Hedge ETF in the fourth quarter worth approximately $262,000. Professional Financial Advisors LLC raised its holdings in shares of Simplify Interest Rate Hedge ETF by 4.3% in the fourth quarter. Professional Financial Advisors LLC now owns 16,387 shares of the company’s stock worth $858,000 after buying an additional 680 shares during the period. Finally, Hilltop Holdings Inc. increased its holdings in Simplify Interest Rate Hedge ETF by 1.8% during the 3rd quarter. Hilltop Holdings Inc. now owns 15,355 shares of the company’s stock worth $631,000 after purchasing an additional 266 shares during the period.

Simplify Interest Rate Hedge ETF Stock Performance

PFIX opened at $52.65 on Thursday. The stock’s fifty day moving average is $50.85 and its two-hundred day moving average is $46.68. Simplify Interest Rate Hedge ETF has a 52 week low of $37.00 and a 52 week high of $57.50.

Simplify Interest Rate Hedge ETF Profile

The Simplify Interest Rate Hedge ETF (PFIX) is an exchange-traded fund that mostly invests in spreads alternatives. The fund is actively managed to provide a hedge against a sharp increase in long-term interest rates. The fund holds OTC interest rate options, US Treasurys, and US Treasury Inflation-Protected Securities (TIPS).