Insight Wealth Strategies LLC Buys 84,230 Shares of Simplify High Yield ETF $CDX

Insight Wealth Strategies LLC lifted its stake in Simplify High Yield ETF (NYSEARCA:CDX) by 12.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 764,328 shares of the company’s stock after purchasing an additional 84,230 shares during the period. Simplify High Yield ETF comprises about 1.6% of Insight Wealth Strategies LLC’s investment portfolio, making the stock its 20th largest position. Insight Wealth Strategies LLC owned 4.13% of Simplify High Yield ETF worth $16,013,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. AE Wealth Management LLC boosted its position in 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 grew its stake in Simplify High Yield ETF by 6.9% in the 4th quarter. Altiora Financial Group LLC now owns 1,074,402 shares of the company’s stock worth $23,927,000 after acquiring an additional 69,041 shares in the last quarter. Park Edge Advisors LLC grew its stake in Simplify High Yield ETF by 0.4% in the 1st quarter. Park Edge Advisors LLC now owns 755,936 shares of the company’s stock worth $16,132,000 after acquiring an additional 2,849 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of Simplify High Yield ETF by 3.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 386,656 shares of the company’s stock worth $8,611,000 after acquiring an additional 12,943 shares during the period. Finally, Drive Wealth Management LLC increased its position in shares of Simplify High Yield ETF by 177.2% during the fourth quarter. Drive Wealth Management LLC now owns 372,252 shares of the company’s stock worth $8,290,000 after acquiring an additional 237,952 shares during the period.

Simplify High Yield ETF Stock Performance

Simplify High Yield ETF stock opened at $20.78 on Wednesday. The company has a 50 day moving average price of $20.95 and a 200-day moving average price of $21.41. The company has a market capitalization of $378.82 million, a PE ratio of 11.17 and a beta of 0.30. Simplify High Yield ETF has a fifty-two week low of $20.42 and a fifty-two week high of $23.17.

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.