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

Prevail Innovative Wealth Advisors LLC grew its stake in Simplify High Yield ETF (NYSEARCA:CDX) by 195.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 owned 0.45% of Simplify High Yield ETF worth $2,196,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. AE Wealth Management LLC lifted its holdings in shares of Simplify High Yield ETF by 16.8% in the 4th quarter. AE Wealth Management LLC now owns 1,216,909 shares of the company’s stock valued at $27,101,000 after buying an additional 174,686 shares during the period. Altiora Financial Group LLC lifted its holdings in shares of Simplify High Yield ETF by 301.5% in the 3rd quarter. Altiora Financial Group LLC now owns 1,005,361 shares of the company’s stock valued at $23,033,000 after buying an additional 754,944 shares during the period. Park Edge Advisors LLC lifted its holdings in shares of Simplify High Yield ETF by 4.7% in the 4th quarter. Park Edge Advisors LLC now owns 753,087 shares of the company’s stock valued at $16,771,000 after buying an additional 34,075 shares during the period. Insight Wealth Strategies LLC lifted its holdings in shares of Simplify High Yield ETF by 25.7% in the 4th quarter. Insight Wealth Strategies LLC now owns 647,232 shares of the company’s stock valued at $14,414,000 after buying an additional 132,380 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Simplify High Yield ETF by 10.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 378,551 shares of the company’s stock valued at $8,654,000 after buying an additional 36,974 shares during the period.

Simplify High Yield ETF Stock Up 0.5%

Shares of CDX stock opened at $21.27 on Thursday. The stock has a market cap of $445.61 million, a PE ratio of 11.17 and a beta of 0.31. The business has a 50-day simple moving average of $21.48 and a 200-day simple moving average of $22.02. Simplify High Yield ETF has a 52-week low of $21.12 and a 52-week high of $23.38.

Simplify High Yield ETF Company 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.