SlateStone Wealth LLC Makes New Investment in Simplify High Yield ETF $CDX

SlateStone Wealth LLC acquired a new stake in Simplify High Yield ETF (NYSEARCA:CDX) in the 3rd quarter, Holdings Channel reports. The firm acquired 164,562 shares of the company’s stock, valued at approximately $3,770,000.

Other institutional investors also recently modified their holdings of the company. Flagship Harbor Advisors LLC grew its holdings in Simplify High Yield ETF by 9.3% in the third quarter. Flagship Harbor Advisors LLC now owns 246,053 shares of the company’s stock worth $5,637,000 after purchasing an additional 20,898 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Simplify High Yield ETF by 139.8% during the third quarter. Envestnet Asset Management Inc. now owns 167,395 shares of the company’s stock valued at $3,835,000 after purchasing an additional 97,582 shares during the period. RiverTree Advisors LLC bought a new position in shares of Simplify High Yield ETF during the 3rd quarter worth about $3,986,000. AE Wealth Management LLC grew its stake in shares of Simplify High Yield ETF by 20.8% in the 3rd quarter. AE Wealth Management LLC now owns 1,042,223 shares of the company’s stock valued at $23,877,000 after buying an additional 179,543 shares during the period. Finally, TD Waterhouse Canada Inc. increased its position in Simplify High Yield ETF by 1,105.3% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 22,900 shares of the company’s stock valued at $523,000 after buying an additional 21,000 shares in the last quarter.

Simplify High Yield ETF Price Performance

Shares of NYSEARCA:CDX traded down $0.03 during trading on Friday, reaching $22.01. 2,625 shares of the stock were exchanged, compared to its average volume of 249,241. The firm has a market cap of $482.44 million, a price-to-earnings ratio of 11.17 and a beta of 0.33. The stock has a fifty day moving average of $22.31 and a two-hundred day moving average of $22.67. Simplify High Yield ETF has a 1-year low of $21.77 and a 1-year high of $24.89.

Simplify High Yield ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Tuesday, January 27th were given a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, January 27th. This represents a c) annualized dividend and a yield of 8.2%.

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.