Insight Wealth Strategies LLC Boosts Stake in Simplify High Yield ETF $CDX

Insight Wealth Strategies LLC lifted its stake in shares of Simplify High Yield ETF (NYSEARCA:CDX) by 25.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 647,232 shares of the company’s stock after purchasing an additional 132,380 shares during the quarter. Simplify High Yield ETF accounts for approximately 1.7% of Insight Wealth Strategies LLC’s investment portfolio, making the stock its 17th biggest holding. Insight Wealth Strategies LLC’s holdings in Simplify High Yield ETF were worth $14,414,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. TD Waterhouse Canada Inc. purchased a new position in Simplify High Yield ETF in the 2nd quarter worth $44,000. PNC Financial Services Group Inc. acquired a new position in shares of Simplify High Yield ETF in the second quarter valued at about $49,000. Triumph Capital Management acquired a new position in shares of Simplify High Yield ETF in the third quarter valued at about $217,000. BayBridge Capital Group LLC purchased a new position in shares of Simplify High Yield ETF in the third quarter worth about $219,000. Finally, Belpointe Asset Management LLC raised its stake in shares of Simplify High Yield ETF by 9.3% in the third quarter. Belpointe Asset Management LLC now owns 10,465 shares of the company’s stock worth $240,000 after purchasing an additional 890 shares during the last quarter.

Simplify High Yield ETF Stock Down 0.6%

Simplify High Yield ETF stock opened at $21.64 on Thursday. The stock has a 50-day moving average price of $22.06 and a 200 day moving average price of $22.45. The company has a market capitalization of $474.35 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 $21.50 and a 52 week high of $24.89.

Simplify High Yield ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Tuesday, February 24th were paid a dividend of $0.15 per share. 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.