SlateStone Wealth LLC Buys New Shares in Simplify High Yield ETF $CDX

SlateStone Wealth LLC bought a new position in shares of Simplify High Yield ETF (NYSEARCA:CDX) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 164,562 shares of the company’s stock, valued at approximately $3,770,000. SlateStone Wealth LLC owned approximately 0.91% of Simplify High Yield ETF as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Flagship Harbor Advisors LLC increased its position in shares of Simplify High Yield ETF by 9.3% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 246,053 shares of the company’s stock worth $5,637,000 after purchasing an additional 20,898 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Simplify High Yield ETF by 139.8% in the third quarter. Envestnet Asset Management Inc. now owns 167,395 shares of the company’s stock valued at $3,835,000 after buying an additional 97,582 shares in the last quarter. RiverTree Advisors LLC bought a new position in shares of Simplify High Yield ETF in the third quarter valued at $3,986,000. AE Wealth Management LLC increased its holdings in Simplify High Yield ETF by 20.8% during the third quarter. AE Wealth Management LLC now owns 1,042,223 shares of the company’s stock worth $23,877,000 after buying an additional 179,543 shares during the last quarter. Finally, TD Waterhouse Canada Inc. raised its position in Simplify High Yield ETF by 1,105.3% during the third quarter. TD Waterhouse Canada Inc. now owns 22,900 shares of the company’s stock worth $523,000 after acquiring an additional 21,000 shares in the last quarter.

Simplify High Yield ETF Trading Down 0.1%

Shares of CDX traded down $0.03 during midday trading on Friday, reaching $22.01. The stock had a trading volume of 2,625 shares, compared to its average volume of 249,241. The firm has a market cap of $482.44 million, a PE ratio of 11.17 and a beta of 0.33. The firm has a 50 day simple moving average of $22.31 and a 200-day simple moving average of $22.67. Simplify High Yield ETF has a one year low of $21.77 and a one year high of $24.89.

Simplify High Yield ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Tuesday, January 27th were paid a $0.15 dividend. The ex-dividend date was Tuesday, January 27th. This represents a c) annualized dividend and a yield of 8.2%.

Simplify High Yield ETF Company 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.