Insight Wealth Strategies LLC Acquires 132,380 Shares of Simplify High Yield ETF $CDX

Insight Wealth Strategies LLC lifted its holdings in Simplify High Yield ETF (NYSEARCA:CDX) by 25.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 647,232 shares of the company’s stock after purchasing an additional 132,380 shares during the period. Simplify High Yield ETF comprises 1.7% of Insight Wealth Strategies LLC’s holdings, making the stock its 17th biggest position. Insight Wealth Strategies LLC owned 3.11% of Simplify High Yield ETF worth $14,414,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Orion Porfolio Solutions LLC increased its holdings in Simplify High Yield ETF by 2.1% during the third quarter. Orion Porfolio Solutions LLC now owns 22,651 shares of the company’s stock valued at $519,000 after buying an additional 463 shares during the period. Kestra Private Wealth Services LLC lifted its holdings in Simplify High Yield ETF by 2.2% during the third quarter. Kestra Private Wealth Services LLC now owns 36,154 shares of the company’s stock worth $828,000 after buying an additional 795 shares during the period. Belpointe Asset Management LLC boosted its position in Simplify High Yield ETF by 9.3% during the 3rd quarter. Belpointe Asset Management LLC now owns 10,465 shares of the company’s stock valued at $240,000 after acquiring an additional 890 shares in the last quarter. TD Waterhouse Canada Inc. bought a new stake in Simplify High Yield ETF during the 2nd quarter valued at $44,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Simplify High Yield ETF by 95.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 4,100 shares of the company’s stock valued at $94,000 after acquiring an additional 2,000 shares during the period.

Simplify High Yield ETF Trading Down 0.6%

CDX opened at $21.64 on Thursday. The firm has a market cap of $474.35 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 $21.50 and a 12 month high of $24.89. The stock has a fifty day moving average price of $22.06 and a 200-day moving average price of $22.45.

Simplify High Yield ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Tuesday, February 24th were issued a $0.15 dividend. The ex-dividend date was Tuesday, February 24th. This represents a c) dividend on an annualized basis and a yield of 8.3%.

About Simplify High Yield ETF

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.