Simplify Kayne Anderson Energy and Infrastructure Credit ETF $KNRG Stock: Encompass More Asset Management Decreases Position

Encompass More Asset Management trimmed its position in shares of Simplify Kayne Anderson Energy and Infrastructure Credit ETF (NYSEARCA:KNRG) by 58.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 33,028 shares of the company’s stock after selling 46,719 shares during the quarter. Encompass More Asset Management’s holdings in Simplify Kayne Anderson Energy and Infrastructure Credit ETF were worth $823,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of KNRG. Mosley Wealth Management increased its position in shares of Simplify Kayne Anderson Energy and Infrastructure Credit ETF by 184.7% in the third quarter. Mosley Wealth Management now owns 69,788 shares of the company’s stock valued at $1,754,000 after buying an additional 45,275 shares in the last quarter. Moody National Bank Trust Division purchased a new stake in shares of Simplify Kayne Anderson Energy and Infrastructure Credit ETF in the 3rd quarter worth about $871,000. Finally, HB Wealth Management LLC purchased a new stake in shares of Simplify Kayne Anderson Energy and Infrastructure Credit ETF in the 1st quarter worth about $808,000.

Simplify Kayne Anderson Energy and Infrastructure Credit ETF Price Performance

Shares of NYSEARCA KNRG opened at $25.13 on Friday. Simplify Kayne Anderson Energy and Infrastructure Credit ETF has a 52 week low of $24.79 and a 52 week high of $26.31. The company’s 50-day moving average price is $25.44 and its 200 day moving average price is $25.64.

Simplify Kayne Anderson Energy and Infrastructure Credit ETF Company Profile

KNRG is an actively managed ETF that seeks to deliver attractive monthly income by investing in credit instruments of energy and infrastructure companies. This includes bonds, notes, loans, and hybrid or preferred shares. The fund focuses on instruments that offer higher yields and higher credit quality compared to traditional high-yield bond indices.