Hilltop Holdings Inc. trimmed its stake in Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX – Free Report) by 53.5% during the first quarter, Holdings Channel.com reports. The fund owned 19,675 shares of the company’s stock after selling 22,620 shares during the period. Hilltop Holdings Inc.’s holdings in Simplify Interest Rate Hedge ETF were worth $910,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in Simplify Interest Rate Hedge ETF by 1,285.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 831 shares of the company’s stock valued at $40,000 after acquiring an additional 771 shares during the period. Geneos Wealth Management Inc. acquired a new stake in shares of Simplify Interest Rate Hedge ETF during the first quarter worth about $44,000. Colonial Trust Co SC acquired a new stake in shares of Simplify Interest Rate Hedge ETF during the fourth quarter worth about $48,000. Raymond James Financial Inc. purchased a new position in shares of Simplify Interest Rate Hedge ETF in the second quarter valued at approximately $53,000. Finally, Bank of Montreal Can boosted its stake in shares of Simplify Interest Rate Hedge ETF by 168.7% in the fourth quarter. Bank of Montreal Can now owns 1,048 shares of the company’s stock valued at $50,000 after purchasing an additional 658 shares during the period.
Simplify Interest Rate Hedge ETF Stock Performance
Shares of PFIX stock opened at $49.00 on Monday. The company has a 50 day moving average price of $46.38 and a 200 day moving average price of $45.96. Simplify Interest Rate Hedge ETF has a fifty-two week low of $41.37 and a fifty-two week high of $60.44.
About Simplify Interest Rate Hedge ETF
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). PFIX was launched on May 10, 2021 and is managed by Simplify.
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Want to see what other hedge funds are holding PFIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX – Free Report).
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