92,537 Shares in Simplify High Yield ETF $CDX Bought by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. bought a new stake in Simplify High Yield ETF (NYSEARCA:CDX) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 92,537 shares of the company’s stock, valued at approximately $1,866,000.

A number of other institutional investors have also modified their holdings of the stock. Ameritas Advisory Services LLC purchased a new stake in shares of Simplify High Yield ETF during the second quarter worth approximately $42,000. Western Wealth Management LLC acquired a new stake in shares of Simplify High Yield ETF during the first quarter worth $62,000. Mather Group LLC. purchased a new position in Simplify High Yield ETF in the 3rd quarter valued at $172,000. MFG Investments LLC acquired a new position in Simplify High Yield ETF in the 3rd quarter valued at $256,000. Finally, Park Avenue Securities LLC acquired a new position in Simplify High Yield ETF in the 3rd quarter valued at $309,000.

Simplify High Yield ETF Stock Performance

Simplify High Yield ETF stock traded up $0.08 during trading hours on Friday, reaching $19.92. 112,223 shares of the stock were exchanged, compared to its average volume of 152,872. The stock has a market cap of $300.79 million, a P/E ratio of 11.17 and a beta of 0.33. Simplify High Yield ETF has a 52-week low of $19.74 and a 52-week high of $22.88. The firm’s 50 day moving average is $20.33 and its 200 day moving average is $21.11.

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.