Worth Asset Management LLC Raises Stake in Simplify High Yield ETF $CDX

Worth Asset Management LLC grew its stake in Simplify High Yield ETF (NYSEARCA:CDX) by 136.2% in the fourth quarter, Holdings Channel reports. The fund owned 46,324 shares of the company’s stock after purchasing an additional 26,714 shares during the period. Worth Asset Management LLC’s holdings in Simplify High Yield ETF were worth $1,032,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Altiora Financial Group LLC grew its holdings in shares of Simplify High Yield ETF by 301.5% in the third quarter. Altiora Financial Group LLC now owns 1,005,361 shares of the company’s stock valued at $23,033,000 after purchasing an additional 754,944 shares during the period. Insight Wealth Strategies LLC acquired a new stake in Simplify High Yield ETF during the third quarter worth about $11,795,000. NewEdge Advisors LLC purchased a new position in Simplify High Yield ETF during the third quarter worth about $4,809,000. Kensington Asset Management LLC purchased a new position in Simplify High Yield ETF during the third quarter worth about $4,586,000. Finally, AE Wealth Management LLC boosted its holdings in Simplify High Yield ETF by 20.8% in the 3rd quarter. AE Wealth Management LLC now owns 1,042,223 shares of the company’s stock valued at $23,877,000 after purchasing an additional 179,543 shares during the last quarter.

Simplify High Yield ETF Price Performance

Simplify High Yield ETF stock opened at $21.21 on Friday. The firm has a 50 day simple moving average of $21.95 and a 200-day simple moving average of $22.38. Simplify High Yield ETF has a 1-year low of $21.16 and a 1-year high of $24.89. The stock has a market cap of $464.92 million, a price-to-earnings ratio of 11.17 and a beta of 0.33.

Simplify High Yield ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Investors of record on Tuesday, February 24th were given a $0.15 dividend. This represents a c) annualized dividend and a yield of 8.5%. The ex-dividend date was Tuesday, February 24th.

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.