Insight Wealth Strategies LLC Raises Holdings in Simplify High Yield ETF $CDX

Insight Wealth Strategies LLC increased its holdings in Simplify High Yield ETF (NYSEARCA:CDX) by 12.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 764,328 shares of the company’s stock after buying an additional 84,230 shares during the period. Simplify High Yield ETF comprises approximately 1.6% of Insight Wealth Strategies LLC’s investment portfolio, making the stock its 20th biggest holding. Insight Wealth Strategies LLC’s holdings in Simplify High Yield ETF were worth $16,013,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CDX. Wells Fargo & Company MN purchased a new stake in Simplify High Yield ETF during the fourth quarter worth $27,000. Arax Advisory Partners purchased a new position in shares of Simplify High Yield ETF in the 4th quarter valued at $28,000. Private Trust Co. NA purchased a new position in shares of Simplify High Yield ETF in the 4th quarter valued at $30,000. Clearstead Advisors LLC bought a new position in shares of Simplify High Yield ETF in the 4th quarter worth $38,000. Finally, NBC Securities Inc. bought a new position in shares of Simplify High Yield ETF in the 4th quarter worth $42,000.

Simplify High Yield ETF Price Performance

Shares of NYSEARCA CDX opened at $20.78 on Wednesday. The stock has a market capitalization of $378.82 million, a P/E ratio of 11.17 and a beta of 0.30. Simplify High Yield ETF has a 1-year low of $20.42 and a 1-year high of $23.17. The business has a fifty day moving average price of $20.95 and a 200 day moving average price of $21.41.

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.