Hilltop Holdings Inc. decreased its holdings in Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX – Free Report) by 53.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,675 shares of the company’s stock after selling 22,620 shares during the period. Hilltop Holdings Inc. owned approximately 0.44% of Simplify Interest Rate Hedge ETF worth $910,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of PFIX. JPMorgan Chase & Co. raised its holdings in shares of Simplify Interest Rate Hedge ETF by 1,285.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 831 shares of the company’s stock worth $40,000 after acquiring an additional 771 shares during the period. Geneos Wealth Management Inc. purchased a new stake in shares of Simplify Interest Rate Hedge ETF in the first quarter valued at about $44,000. Colonial Trust Co SC acquired a new stake in Simplify Interest Rate Hedge ETF during the fourth quarter worth about $48,000. Bank of Montreal Can increased its position in Simplify Interest Rate Hedge ETF by 168.7% during the fourth quarter. Bank of Montreal Can now owns 1,048 shares of the company’s stock worth $50,000 after purchasing an additional 658 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Simplify Interest Rate Hedge ETF during the second quarter worth about $53,000.
Simplify Interest Rate Hedge ETF Price Performance
Shares of PFIX stock opened at $49.00 on Monday. The firm’s 50-day moving average is $46.38 and its two-hundred day moving average is $45.96. Simplify Interest Rate Hedge ETF has a 12 month low of $41.37 and a 12 month high of $60.44.
Simplify Interest Rate Hedge ETF Profile
The Simplify Interest Rate Hedge ETF (PFIX) is an exchange-traded fund that mostly invests in spreads alternatives. The fund is actively managed to provide a hedge against a sharp increase in long-term interest rates. The fund holds OTC interest rate options, US Treasurys, and US Treasury Inflation-Protected Securities (TIPS). PFIX was launched on May 10, 2021 and is managed by Simplify.
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