Simplify High Yield ETF $CDX is Park Edge Advisors LLC’s 2nd Largest Position

Park Edge Advisors LLC boosted its position in shares of Simplify High Yield ETF (NYSEARCA:CDX) by 4.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 753,087 shares of the company’s stock after acquiring an additional 34,075 shares during the quarter. Simplify High Yield ETF accounts for 3.8% of Park Edge Advisors LLC’s investment portfolio, making the stock its 2nd largest holding. Park Edge Advisors LLC’s holdings in Simplify High Yield ETF were worth $16,771,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in CDX. PNC Financial Services Group Inc. lifted its holdings in Simplify High Yield ETF by 95.2% during the third quarter. PNC Financial Services Group Inc. now owns 4,100 shares of the company’s stock valued at $94,000 after purchasing an additional 2,000 shares in the last quarter. Triumph Capital Management bought a new stake in shares of Simplify High Yield ETF during the 3rd quarter valued at $217,000. BayBridge Capital Group LLC bought a new stake in shares of Simplify High Yield ETF during the 3rd quarter valued at $219,000. Belpointe Asset Management LLC lifted its stake in shares of Simplify High Yield ETF by 9.3% during the 3rd quarter. Belpointe Asset Management LLC now owns 10,465 shares of the company’s stock valued at $240,000 after buying an additional 890 shares in the last quarter. Finally, Almanack Investment Partners LLC. purchased a new position in shares of Simplify High Yield ETF during the 3rd quarter valued at $249,000.

Simplify High Yield ETF Stock Performance

Shares of CDX stock opened at $21.37 on Friday. Simplify High Yield ETF has a 52-week low of $21.16 and a 52-week high of $24.89. The firm has a market capitalization of $468.43 million, a PE ratio of 11.17 and a beta of 0.33. The stock has a fifty day simple moving average of $21.87 and a two-hundred day simple moving average of $22.34.

Simplify High Yield ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders 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 dividend yield of 8.4%.

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.