RiverTree Advisors LLC Lowers Position in Simplify High Yield ETF $CDX

RiverTree Advisors LLC reduced its position in shares of Simplify High Yield ETF (NYSEARCA:CDX) by 25.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 129,536 shares of the company’s stock after selling 44,443 shares during the quarter. Simplify High Yield ETF accounts for approximately 1.8% of RiverTree Advisors LLC’s investment portfolio, making the stock its 19th biggest holding. RiverTree Advisors LLC owned approximately 0.64% of Simplify High Yield ETF worth $2,885,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. PNC Financial Services Group Inc. purchased a new position in Simplify High Yield ETF during the second quarter worth approximately $49,000. Triumph Capital Management purchased a new position in shares of Simplify High Yield ETF during the 3rd quarter valued at approximately $217,000. BayBridge Capital Group LLC purchased a new position in shares of Simplify High Yield ETF during the 3rd quarter valued at approximately $219,000. Belpointe Asset Management LLC grew its stake in Simplify High Yield ETF by 9.3% in the 3rd quarter. Belpointe Asset Management LLC now owns 10,465 shares of the company’s stock valued at $240,000 after acquiring an additional 890 shares during the period. Finally, Almanack Investment Partners LLC. purchased a new stake in Simplify High Yield ETF in the 3rd quarter worth $249,000.

Simplify High Yield ETF Price Performance

CDX opened at $21.21 on Monday. The firm’s fifty day simple moving average is $21.95 and its two-hundred day simple moving average is $22.38. Simplify High Yield ETF has a 52-week low of $21.16 and a 52-week high of $24.89. The company 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 business also recently declared a monthly dividend, which was paid on Friday, February 27th. Investors of record on Tuesday, February 24th were paid a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, February 24th. This represents a c) dividend on an annualized basis and a yield of 8.5%.

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.