Pekin Hardy Strauss Inc. Has $3.29 Million Stock Holdings in Simplify High Yield ETF $CDX

Pekin Hardy Strauss Inc. raised its holdings in Simplify High Yield ETF (NYSEARCA:CDX) by 51.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 143,753 shares of the company’s stock after acquiring an additional 49,022 shares during the quarter. Pekin Hardy Strauss Inc. owned approximately 0.79% of Simplify High Yield ETF worth $3,293,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. TD Waterhouse Canada Inc. bought a new stake in shares of Simplify High Yield ETF in the second quarter worth $44,000. PNC Financial Services Group Inc. bought a new position in Simplify High Yield ETF during the 2nd quarter worth $49,000. BayBridge Capital Group LLC acquired a new position in Simplify High Yield ETF during the 3rd quarter worth about $219,000. Belpointe Asset Management LLC lifted its holdings in Simplify High Yield ETF by 9.3% during the 3rd quarter. Belpointe Asset Management LLC now owns 10,465 shares of the company’s stock worth $240,000 after buying an additional 890 shares during the period. Finally, Almanack Investment Partners LLC. bought a new stake in shares of Simplify High Yield ETF in the 3rd quarter valued at about $249,000.

Simplify High Yield ETF Trading Down 0.4%

Shares of CDX stock opened at $22.05 on Friday. Simplify High Yield ETF has a 1-year low of $21.77 and a 1-year high of $24.89. The stock has a market cap of $483.34 million, a price-to-earnings ratio of 11.17 and a beta of 0.33. The stock has a 50-day moving average of $22.23 and a 200-day moving average of $22.61.

Simplify High Yield ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Tuesday, January 27th were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, January 27th. This represents a c) annualized dividend and a yield of 8.2%.

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.