Soltis Investment Advisors LLC Raises Stock Position in Simplify High Yield ETF $CDX

Soltis Investment Advisors LLC raised its stake in Simplify High Yield ETF (NYSEARCA:CDX) by 60.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 154,563 shares of the company’s stock after buying an additional 58,010 shares during the period. Soltis Investment Advisors LLC owned approximately 0.71% of Simplify High Yield ETF worth $3,442,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Private Trust Co. NA purchased a new position in Simplify High Yield ETF in the fourth quarter valued at about $30,000. NBC Securities Inc. purchased a new position in shares of Simplify High Yield ETF during the 4th quarter worth approximately $42,000. PNC Financial Services Group Inc. increased its stake in shares of Simplify High Yield ETF by 95.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 4,100 shares of the company’s stock worth $94,000 after purchasing an additional 2,000 shares in the last quarter. CWM LLC purchased a new position in shares of Simplify High Yield ETF during the 4th quarter worth approximately $120,000. Finally, Triumph Capital Management purchased a new position in shares of Simplify High Yield ETF during the 3rd quarter worth approximately $217,000.

Simplify High Yield ETF Price Performance

Shares of CDX opened at $21.21 on Friday. The firm has a 50 day simple moving average of $21.52 and a 200-day simple moving average of $22.06. Simplify High Yield ETF has a 1-year low of $21.16 and a 1-year high of $23.38. The stock has a market cap of $444.35 million, a price-to-earnings ratio of 11.17 and a beta of 0.31.

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.