Insight Wealth Strategies LLC Reduces Position in Simplify High Yield ETF $CDX

Insight Wealth Strategies LLC lessened its position in Simplify High Yield ETF (NYSEARCA:CDX) by 25.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 566,973 shares of the company’s stock after selling 197,355 shares during the period. Simplify High Yield ETF makes up 1.1% of Insight Wealth Strategies LLC’s holdings, making the stock its 24th largest position. Insight Wealth Strategies LLC owned about 3.59% of Simplify High Yield ETF worth $11,436,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Simplify High Yield ETF by 10.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 267,497 shares of the company’s stock worth $5,650,000 after purchasing an additional 25,739 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Simplify High Yield ETF by 10.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,655,982 shares of the company’s stock worth $34,974,000 after acquiring an additional 159,062 shares during the last quarter. BayBridge Capital Group LLC raised its position in shares of Simplify High Yield ETF by 149.1% during the second quarter. BayBridge Capital Group LLC now owns 25,446 shares of the company’s stock worth $537,000 after purchasing an additional 15,229 shares during the period. Ameritas Advisory Services LLC purchased a new stake in shares of Simplify High Yield ETF during the second quarter valued at $42,000. Finally, TD Waterhouse Canada Inc. lifted its holdings in shares of Simplify High Yield ETF by 12.1% during the second quarter. TD Waterhouse Canada Inc. now owns 54,500 shares of the company’s stock valued at $1,142,000 after purchasing an additional 5,900 shares during the last quarter.

Simplify High Yield ETF Stock Performance

CDX traded up $0.05 during trading on Friday, reaching $20.37. The company had a trading volume of 29,478 shares, compared to its average volume of 157,952. The firm’s 50-day simple moving average is $20.56 and its 200 day simple moving average is $20.98. The company has a market cap of $321.91 million, a price-to-earnings ratio of 11.17 and a beta of 0.30. Simplify High Yield ETF has a 12-month low of $20.06 and a 12-month high of $22.94.

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.