RiverTree Advisors LLC Invests $3.99 Million in Simplify High Yield ETF $CDX

RiverTree Advisors LLC purchased a new stake in shares of Simplify High Yield ETF (NYSEARCA:CDX) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 173,979 shares of the company’s stock, valued at approximately $3,986,000. Simplify High Yield ETF comprises 2.6% of RiverTree Advisors LLC’s holdings, making the stock its 15th biggest holding. RiverTree Advisors LLC owned approximately 0.96% of Simplify High Yield ETF as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in CDX. Jane Street Group LLC increased its position in shares of Simplify High Yield ETF by 222.4% in the first quarter. Jane Street Group LLC now owns 51,964 shares of the company’s stock valued at $1,192,000 after acquiring an additional 35,846 shares during the period. Janney Montgomery Scott LLC bought a new stake in shares of Simplify High Yield ETF in the second quarter worth about $1,085,000. Ameritas Advisory Services LLC purchased a new position in Simplify High Yield ETF during the 2nd quarter valued at about $53,000. Belpointe Asset Management LLC purchased a new position in Simplify High Yield ETF during the 2nd quarter valued at about $223,000. Finally, Heck Capital Advisors LLC bought a new position in Simplify High Yield ETF during the 2nd quarter valued at approximately $223,000.

Simplify High Yield ETF Stock Performance

Shares of CDX stock opened at $22.14 on Friday. Simplify High Yield ETF has a fifty-two week low of $21.77 and a fifty-two week high of $24.89. The firm has a market cap of $489.29 million, a P/E ratio of 11.17 and a beta of 0.33. The business’s 50 day moving average price is $22.35 and its 200-day moving average price is $22.69.

Simplify High Yield ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, January 30th. Investors of record on Tuesday, January 27th were issued a $0.15 dividend. The ex-dividend date was Tuesday, January 27th. This represents a c) annualized dividend and a yield of 8.1%.

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.