RiverTree Advisors LLC Decreases Stock Holdings in Simplify High Yield ETF $CDX

RiverTree Advisors LLC lessened its holdings in Simplify High Yield ETF (NYSEARCA:CDX) by 25.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 129,536 shares of the company’s stock after selling 44,443 shares during the quarter. Simplify High Yield ETF makes up approximately 1.8% of RiverTree Advisors LLC’s holdings, making the stock its 19th largest position. RiverTree Advisors LLC’s holdings in Simplify High Yield ETF were worth $2,885,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CDX. AE Wealth Management LLC boosted its position in shares of Simplify High Yield ETF by 20.8% during the 3rd quarter. AE Wealth Management LLC now owns 1,042,223 shares of the company’s stock worth $23,877,000 after acquiring an additional 179,543 shares in the last quarter. Altiora Financial Group LLC lifted its stake in Simplify High Yield ETF by 301.5% during the third quarter. Altiora Financial Group LLC now owns 1,005,361 shares of the company’s stock worth $23,033,000 after purchasing an additional 754,944 shares during the last quarter. Park Edge Advisors LLC increased its stake in Simplify High Yield ETF by 17.3% in the third quarter. Park Edge Advisors LLC now owns 719,012 shares of the company’s stock valued at $16,473,000 after purchasing an additional 106,035 shares during the last quarter. Insight Wealth Strategies LLC raised its holdings in Simplify High Yield ETF by 25.7% during the fourth quarter. Insight Wealth Strategies LLC now owns 647,232 shares of the company’s stock worth $14,414,000 after purchasing an additional 132,380 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Simplify High Yield ETF by 10.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 378,551 shares of the company’s stock worth $8,654,000 after buying an additional 36,974 shares during the last quarter.

Simplify High Yield ETF Price Performance

NYSEARCA CDX opened at $21.21 on Monday. The firm’s fifty day moving average price is $21.95 and its 200 day moving average price is $22.38. The company has a market capitalization of $464.92 million, a price-to-earnings ratio of 11.17 and a beta of 0.33. Simplify High Yield ETF has a 12 month low of $21.16 and a 12 month high of $24.89.

Simplify High Yield ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Tuesday, February 24th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, February 24th. This represents a c) annualized dividend and a dividend yield of 8.5%.

Simplify High Yield ETF 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.