Stephens Inc. AR Has $1.42 Million Holdings in Simplify High Yield ETF $CDX

Stephens Inc. AR reduced its position in Simplify High Yield ETF (NYSEARCA:CDX) by 32.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 63,958 shares of the company’s stock after selling 30,921 shares during the quarter. Stephens Inc. AR’s holdings in Simplify High Yield ETF were worth $1,424,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of CDX. Altiora Financial Group LLC increased its position in Simplify High Yield ETF by 301.5% in the 3rd quarter. Altiora Financial Group LLC now owns 1,005,361 shares of the company’s stock worth $23,033,000 after purchasing an additional 754,944 shares during the last quarter. Meridian Wealth Management LLC acquired a new position in Simplify High Yield ETF in the 4th quarter worth about $7,109,000. Drive Wealth Management LLC increased its position in Simplify High Yield ETF by 177.2% in the 4th quarter. Drive Wealth Management LLC now owns 372,252 shares of the company’s stock worth $8,290,000 after purchasing an additional 237,952 shares during the last quarter. NewEdge Advisors LLC acquired a new position in Simplify High Yield ETF in the 3rd quarter worth about $4,809,000. Finally, Kensington Asset Management LLC acquired a new position in Simplify High Yield ETF in the 3rd quarter worth about $4,586,000.

Simplify High Yield ETF Price Performance

Shares of CDX stock opened at $21.16 on Wednesday. Simplify High Yield ETF has a fifty-two week low of $21.12 and a fifty-two week high of $23.38. The stock’s 50-day moving average is $21.50 and its two-hundred day moving average is $22.03. The firm has a market cap of $443.30 million, a P/E 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.