Simplify High Yield ETF $CDX Shares Bought by Prevail Innovative Wealth Advisors LLC

Prevail Innovative Wealth Advisors LLC increased its holdings in Simplify High Yield ETF (NYSEARCA:CDX) by 195.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 98,609 shares of the company’s stock after buying an additional 65,284 shares during the quarter. Prevail Innovative Wealth Advisors LLC’s holdings in Simplify High Yield ETF were worth $2,196,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CDX. Private Trust Co. NA acquired a new position in Simplify High Yield ETF in the 4th quarter worth about $30,000. NBC Securities Inc. acquired a new position in Simplify High Yield ETF in the 4th quarter worth about $42,000. PNC Financial Services Group Inc. raised its holdings in 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 worth $94,000 after purchasing an additional 2,000 shares during the period. CWM LLC acquired a new position in Simplify High Yield ETF in the 4th quarter worth about $120,000. Finally, Triumph Capital Management acquired a new position in Simplify High Yield ETF in the 3rd quarter worth about $217,000.

Simplify High Yield ETF Trading Up 0.5%

NYSEARCA CDX opened at $21.27 on Thursday. The stock has a market capitalization of $445.61 million, a price-to-earnings ratio of 11.17 and a beta of 0.31. Simplify High Yield ETF has a twelve month low of $21.12 and a twelve month high of $23.38. The stock has a 50-day moving average of $21.48 and a 200 day moving average of $22.02.

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.