Kovitz Investment Group Partners LLC Sells 245,566 Shares of Simplify Opportunistic Income ETF $CRDT

Kovitz Investment Group Partners LLC decreased its position in shares of Simplify Opportunistic Income ETF (NYSEARCA:CRDT) by 22.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 872,251 shares of the company’s stock after selling 245,566 shares during the period. Kovitz Investment Group Partners LLC owned approximately 0.28% of Simplify Opportunistic Income ETF worth $20,637,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. 3EDGE Asset Management LP bought a new position in Simplify Opportunistic Income ETF during the third quarter valued at approximately $218,000. Jane Street Group LLC bought a new stake in Simplify Opportunistic Income ETF in the 1st quarter worth approximately $408,000. Envestnet Asset Management Inc. purchased a new stake in shares of Simplify Opportunistic Income ETF during the 2nd quarter worth approximately $599,000. AE Wealth Management LLC boosted its position in shares of Simplify Opportunistic Income ETF by 1.2% during the 2nd quarter. AE Wealth Management LLC now owns 51,756 shares of the company’s stock valued at $1,237,000 after acquiring an additional 619 shares during the last quarter. Finally, JPMorgan Chase & Co. bought a new position in shares of Simplify Opportunistic Income ETF during the 3rd quarter valued at approximately $1,486,000.

Simplify Opportunistic Income ETF Stock Performance

CRDT stock opened at $23.47 on Monday. The firm has a fifty day moving average price of $23.41 and a 200 day moving average price of $23.57. Simplify Opportunistic Income ETF has a fifty-two week low of $22.96 and a fifty-two week high of $25.99. The firm has a market cap of $39.19 million, a PE ratio of 9.33 and a beta of 0.05.

Simplify Opportunistic Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Tuesday, January 27th were paid a $0.12 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend was Tuesday, January 27th.

Simplify Opportunistic Income ETF Company Profile

The Simplify Opportunistic Income ETF (CRDT) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that holds various fixed income securities from developed markets. The fund has no maturity and credit rating limitation CRDT was launched on Jun 26, 2023 and is managed by Simplify.