Simplify High Yield ETF $CDX Holdings Decreased by Insight Wealth Strategies LLC

Insight Wealth Strategies LLC reduced its holdings in Simplify High Yield ETF (NYSEARCA:CDX) by 25.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 566,973 shares of the company’s stock after selling 197,355 shares during the period. Simplify High Yield ETF comprises about 1.1% of Insight Wealth Strategies LLC’s holdings, making the stock its 24th largest holding. Insight Wealth Strategies LLC’s holdings in Simplify High Yield ETF were worth $11,436,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. NewEdge Wealth LLC boosted its holdings in shares of Simplify High Yield ETF by 9.1% during the first quarter. NewEdge Wealth LLC now owns 368,211 shares of the company’s stock worth $7,858,000 after purchasing an additional 30,768 shares during the period. Envestnet Asset Management Inc. increased its stake in Simplify High Yield ETF by 10.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,655,982 shares of the company’s stock valued at $34,974,000 after buying an additional 159,062 shares during the period. Janney Montgomery Scott LLC lifted its position in Simplify High Yield ETF by 577.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 71,939 shares of the company’s stock worth $1,535,000 after buying an additional 61,317 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Simplify High Yield ETF by 10.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 267,497 shares of the company’s stock valued at $5,650,000 after buying an additional 25,739 shares during the period. Finally, Altiora Financial Group LLC grew its holdings in shares of Simplify High Yield ETF by 6.9% during the 4th quarter. Altiora Financial Group LLC now owns 1,074,402 shares of the company’s stock valued at $23,927,000 after acquiring an additional 69,041 shares in the last quarter.

Simplify High Yield ETF Stock Performance

Shares of NYSEARCA CDX traded up $0.05 during mid-day trading on Friday, reaching $20.37. The company had a trading volume of 29,478 shares, compared to its average volume of 157,952. The stock’s 50 day moving average is $20.56 and its 200-day moving average is $20.98. Simplify High Yield ETF has a twelve month low of $20.06 and a twelve month high of $22.94. The stock has a market capitalization of $321.91 million, a PE ratio of 11.17 and a beta of 0.30.

Simplify High Yield ETF Company Profile

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.