Simplify High Yield ETF $CDX Shares Acquired by SlateStone Wealth LLC

SlateStone Wealth LLC raised its stake in Simplify High Yield ETF (NYSEARCA:CDX) by 18.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 194,553 shares of the company’s stock after purchasing an additional 29,991 shares during the quarter. SlateStone Wealth LLC’s holdings in Simplify High Yield ETF were worth $4,333,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in CDX. Private Trust Co. NA purchased a new position in Simplify High Yield ETF in the fourth quarter valued at about $30,000. Clearstead Advisors LLC purchased a new position in Simplify High Yield ETF in the fourth quarter valued at about $38,000. NBC Securities Inc. purchased a new position in Simplify High Yield ETF in the fourth quarter valued at about $42,000. PNC Financial Services Group Inc. raised its position in Simplify High Yield ETF by 95.2% in 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 during the period. Finally, CWM LLC purchased a new position in Simplify High Yield ETF in the fourth quarter valued at about $120,000.

Simplify High Yield ETF Price Performance

NYSEARCA:CDX opened at $21.17 on Friday. The business’s 50-day moving average is $21.37 and its two-hundred day moving average is $21.90. Simplify High Yield ETF has a 12 month low of $21.02 and a 12 month high of $23.38. The firm has a market capitalization of $443.51 million, a PE ratio of 11.17 and a beta of 0.30.

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.