Meridian Wealth Management LLC Takes $7.11 Million Position in Simplify High Yield ETF $CDX

Meridian Wealth Management LLC bought a new position in Simplify High Yield ETF (NYSEARCA:CDX) during the 4th quarter, Holdings Channel reports. The firm bought 319,206 shares of the company’s stock, valued at approximately $7,109,000.

A number of other large investors have also bought and sold shares of CDX. Jane Street Group LLC raised its position in Simplify High Yield ETF by 222.4% in the 1st quarter. Jane Street Group LLC now owns 51,964 shares of the company’s stock valued at $1,192,000 after purchasing an additional 35,846 shares during the last quarter. Osaic Holdings Inc. grew its holdings in shares of Simplify High Yield ETF by 94,758.3% during the second quarter. Osaic Holdings Inc. now owns 22,766 shares of the company’s stock worth $531,000 after purchasing an additional 22,742 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in shares of Simplify High Yield ETF by 1.3% in the third quarter. Commonwealth Equity Services LLC now owns 373,713 shares of the company’s stock valued at $8,562,000 after buying an additional 4,819 shares in the last quarter. Retirement Planning Group LLC acquired a new stake in shares of Simplify High Yield ETF in the third quarter valued at $854,000. Finally, Stephens Inc. AR bought a new position in shares of Simplify High Yield ETF in the third quarter valued at about $2,174,000.

Simplify High Yield ETF Stock Down 0.4%

Shares of NYSEARCA:CDX opened at $21.28 on Tuesday. Simplify High Yield ETF has a 12 month low of $21.16 and a 12 month high of $23.38. The company’s 50-day moving average price is $21.57 and its two-hundred day moving average price is $22.10. The firm has a market cap of $445.82 million, a P/E ratio of 11.17 and a beta of 0.31.

Simplify High Yield ETF 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.