Archer Investment Corp Purchases Shares of 802 Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX)

Archer Investment Corp acquired a new position in shares of Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 802 shares of the company’s stock, valued at approximately $42,000.

Other hedge funds have also modified their holdings of the company. Choreo LLC bought a new position in Simplify Interest Rate Hedge ETF in the fourth quarter valued at $673,000. Stratos Wealth Advisors LLC grew its holdings in shares of Simplify Interest Rate Hedge ETF by 7.0% in the 4th quarter. Stratos Wealth Advisors LLC now owns 18,586 shares of the company’s stock valued at $973,000 after acquiring an additional 1,222 shares in the last quarter. Perigon Wealth Management LLC acquired a new stake in shares of Simplify Interest Rate Hedge ETF in the fourth quarter valued at about $399,000. Park Edge Advisors LLC increased its position 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 valued at $881,000 after acquiring an additional 3,609 shares during the last quarter. Finally, Mutual Advisors LLC bought a new stake in Simplify Interest Rate Hedge ETF during the fourth quarter worth about $262,000.

Simplify Interest Rate Hedge ETF Stock Performance

PFIX stock opened at $51.15 on Friday. Simplify Interest Rate Hedge ETF has a twelve month low of $37.00 and a twelve month high of $57.50. The business has a 50 day moving average price of $51.32 and a two-hundred day moving average price of $46.86.

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).