Kovitz Investment Group Partners LLC Sells 245,566 Shares of Simplify Opportunistic Income ETF $CRDT

Kovitz Investment Group Partners LLC decreased its position in shares of Simplify Opportunistic Income ETF (NYSEARCA:CRDT) by 22.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 872,251 shares of the company’s stock after selling 245,566 shares during the period. Kovitz Investment Group Partners LLC owned about 27.87% of Simplify Opportunistic Income ETF worth $20,637,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CRDT. AE Wealth Management LLC increased its stake in shares of Simplify Opportunistic Income ETF by 1.2% in the 2nd quarter. AE Wealth Management LLC now owns 51,756 shares of the company’s stock worth $1,237,000 after acquiring an additional 619 shares in the last quarter. Ascension Capital Advisors Inc. raised its stake in shares of Simplify Opportunistic Income ETF by 0.7% in the third quarter. Ascension Capital Advisors Inc. now owns 614,990 shares of the company’s stock worth $14,551,000 after purchasing an additional 4,210 shares during the last quarter. 3EDGE Asset Management LP bought a new position in Simplify Opportunistic Income ETF during the 3rd quarter valued at about $218,000. Wealthcare Advisory Partners LLC lifted its position in Simplify Opportunistic Income ETF by 12.4% during the third quarter. Wealthcare Advisory Partners LLC now owns 128,507 shares of the company’s stock valued at $3,040,000 after purchasing an additional 14,176 shares during the period. Finally, Authentikos Wealth Advisory LLC lifted its holdings in shares of Simplify Opportunistic Income ETF by 8.1% during the 3rd quarter. Authentikos Wealth Advisory LLC now owns 195,072 shares of the company’s stock valued at $4,615,000 after buying an additional 14,599 shares during the period.

Simplify Opportunistic Income ETF Stock Performance

Shares of NYSEARCA:CRDT opened at $23.47 on Monday. The stock has a market capitalization of $39.19 million, a price-to-earnings ratio of 9.33 and a beta of 0.05. The stock’s 50-day simple moving average is $23.41 and its two-hundred day simple moving average is $23.57. Simplify Opportunistic Income ETF has a 52-week low of $22.96 and a 52-week high of $25.99.

Simplify Opportunistic Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, January 30th. Investors of record on Tuesday, January 27th were issued a $0.12 dividend. This represents a c) dividend on an annualized basis and a yield of 6.1%. The ex-dividend date of this dividend was Tuesday, January 27th.

Simplify Opportunistic Income ETF Profile

The Simplify Opportunistic Income ETF (CRDT) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that holds various fixed income securities from developed markets. The fund has no maturity and credit rating limitation CRDT was launched on Jun 26, 2023 and is managed by Simplify.