Prevail Innovative Wealth Advisors LLC Invests $763,000 in Simplify High Yield ETF $CDX

Prevail Innovative Wealth Advisors LLC bought a new position in shares of Simplify High Yield ETF (NYSEARCA:CDX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 33,325 shares of the company’s stock, valued at approximately $763,000. Prevail Innovative Wealth Advisors LLC owned about 0.18% of Simplify High Yield ETF at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CDX. AE Wealth Management LLC boosted its holdings in Simplify High Yield ETF by 20.8% in the third quarter. AE Wealth Management LLC now owns 1,042,223 shares of the company’s stock valued at $23,877,000 after purchasing an additional 179,543 shares during the last quarter. Altiora Financial Group LLC raised its stake in shares of Simplify High Yield ETF by 301.5% during the 3rd quarter. Altiora Financial Group LLC now owns 1,005,361 shares of the company’s stock valued at $23,033,000 after buying an additional 754,944 shares during the last quarter. Park Edge Advisors LLC lifted its holdings in shares of Simplify High Yield ETF by 17.3% in the 3rd quarter. Park Edge Advisors LLC now owns 719,012 shares of the company’s stock valued at $16,473,000 after buying an additional 106,035 shares during the period. Insight Wealth Strategies LLC acquired a new position in shares of Simplify High Yield ETF in the 3rd quarter valued at about $11,795,000. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Simplify High Yield ETF by 10.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 378,551 shares of the company’s stock worth $8,654,000 after buying an additional 36,974 shares during the last quarter.

Simplify High Yield ETF Stock Down 0.3%

Simplify High Yield ETF stock opened at $21.76 on Monday. The firm has a market cap of $476.98 million, a price-to-earnings ratio of 11.17 and a beta of 0.33. Simplify High Yield ETF has a 52 week low of $21.75 and a 52 week high of $24.89. The business’s 50-day moving average price is $22.14 and its 200 day moving average price is $22.51.

Simplify High Yield ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Tuesday, February 24th were given a $0.15 dividend. This represents a c) annualized dividend and a yield of 8.3%. The ex-dividend date was Tuesday, February 24th.

Simplify High Yield ETF Company Profile

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.