Simplify High Yield ETF $CDX Shares Sold by Stephens Inc. AR

Stephens Inc. AR lessened its holdings in shares of Simplify High Yield ETF (NYSEARCA:CDX) by 32.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 63,958 shares of the company’s stock after selling 30,921 shares during the quarter. Stephens Inc. AR owned about 0.29% of Simplify High Yield ETF worth $1,424,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Altiora Financial Group LLC boosted its position in Simplify High Yield ETF by 301.5% during the 3rd quarter. Altiora Financial Group LLC now owns 1,005,361 shares of the company’s stock worth $23,033,000 after acquiring an additional 754,944 shares during the period. Cooper Financial Group acquired a new position in Simplify High Yield ETF during the 4th quarter worth $669,000. Park Edge Advisors LLC boosted its position in Simplify High Yield ETF by 4.7% during the 4th quarter. Park Edge Advisors LLC now owns 753,087 shares of the company’s stock worth $16,771,000 after acquiring an additional 34,075 shares during the period. Prevail Innovative Wealth Advisors LLC acquired a new position in Simplify High Yield ETF during the 3rd quarter worth $763,000. Finally, AE Wealth Management LLC boosted its position in Simplify High Yield ETF by 16.8% during the 4th quarter. AE Wealth Management LLC now owns 1,216,909 shares of the company’s stock worth $27,101,000 after acquiring an additional 174,686 shares during the period.

Simplify High Yield ETF Stock Performance

Shares of CDX stock opened at $21.16 on Wednesday. Simplify High Yield ETF has a 1 year low of $21.12 and a 1 year high of $23.38. The stock has a fifty day moving average of $21.50 and a two-hundred day moving average of $22.03. The firm has a market capitalization of $443.30 million, a PE ratio of 11.17 and a beta of 0.31.

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.