JPMorgan Chase & Co. Takes $1.49 Million Position in Simplify Opportunistic Income ETF $CRDT

JPMorgan Chase & Co. bought a new stake in Simplify Opportunistic Income ETF (NYSEARCA:CRDT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 62,812 shares of the company’s stock, valued at approximately $1,486,000. JPMorgan Chase & Co. owned about 2.01% of Simplify Opportunistic Income ETF at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. 3EDGE Asset Management LP bought a new position in shares of Simplify Opportunistic Income ETF in the 3rd quarter valued at about $218,000. Jane Street Group LLC bought a new position in Simplify Opportunistic Income ETF during the 1st quarter worth approximately $408,000. Flow Traders U.S. LLC bought a new position in Simplify Opportunistic Income ETF during the 3rd quarter worth approximately $386,000. Cresset Asset Management LLC boosted its stake in Simplify Opportunistic Income ETF by 2.5% during the 3rd quarter. Cresset Asset Management LLC now owns 30,852 shares of the company’s stock worth $730,000 after acquiring an additional 744 shares during the last quarter. Finally, Sunbelt Securities Inc. boosted its stake in Simplify Opportunistic Income ETF by 317.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 33,161 shares of the company’s stock worth $785,000 after acquiring an additional 25,216 shares during the last quarter.

Simplify Opportunistic Income ETF Price Performance

Simplify Opportunistic Income ETF stock opened at $22.93 on Thursday. The company’s 50 day simple moving average is $22.93 and its 200 day simple moving average is $23.27. Simplify Opportunistic Income ETF has a fifty-two week low of $21.69 and a fifty-two week high of $25.65. The firm has a market capitalization of $37.15 million, a price-to-earnings ratio of 9.33 and a beta of 0.09.

Simplify Opportunistic Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Investors of record on Tuesday, February 24th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Tuesday, February 24th. This represents a c) annualized dividend and a yield of 5.8%.

Simplify Opportunistic Income ETF Company Profile

The Simplify Opportunistic Income ETF (CRDT) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that holds various fixed income securities from developed markets. The fund has no maturity and credit rating limitation CRDT was launched on Jun 26, 2023 and is managed by Simplify.