Kingsview Wealth Management LLC Raises Stake in Simplify High Yield ETF $CDX

Kingsview Wealth Management LLC raised its stake in shares of Simplify High Yield ETF (NYSEARCA:CDX) by 155.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 60,751 shares of the company’s stock after buying an additional 36,971 shares during the quarter. Kingsview Wealth Management LLC owned about 0.33% of Simplify High Yield ETF worth $1,392,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Altiora Financial Group LLC boosted its position in shares of Simplify High Yield ETF by 301.5% in the third quarter. Altiora Financial Group LLC now owns 1,005,361 shares of the company’s stock valued at $23,033,000 after acquiring an additional 754,944 shares during the period. Insight Wealth Strategies LLC bought a new position in Simplify High Yield ETF in the 3rd quarter worth about $11,795,000. AE Wealth Management LLC raised its holdings in shares of Simplify High Yield ETF by 54.2% in the 2nd quarter. AE Wealth Management LLC now owns 862,680 shares of the company’s stock valued at $20,118,000 after acquiring an additional 303,406 shares in the last quarter. Kensington Asset Management LLC bought a new stake in shares of Simplify High Yield ETF during the 3rd quarter valued at about $4,586,000. Finally, Security National Bank purchased a new position in shares of Simplify High Yield ETF during the third quarter worth about $4,102,000.

Simplify High Yield ETF Trading Down 0.7%

CDX stock opened at $21.83 on Friday. The company’s 50 day moving average is $22.15 and its 200 day moving average is $22.52. The stock has a market cap of $478.51 million, a price-to-earnings ratio of 11.17 and a beta of 0.33. 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 business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 24th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, February 24th. This represents a c) annualized dividend and a dividend 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.