Janney Montgomery Scott LLC Raises Stock Holdings in Simplify High Yield ETF $CDX

Janney Montgomery Scott LLC raised its holdings in Simplify High Yield ETF (NYSEARCA:CDX) by 577.3% during the 1st quarter, Holdings Channel reports. The firm owned 71,939 shares of the company’s stock after buying an additional 61,317 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Simplify High Yield ETF were worth $1,535,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Wells Fargo & Company MN acquired a new stake in Simplify High Yield ETF in the 4th quarter valued at $27,000. Arax Advisory Partners acquired a new position in shares of Simplify High Yield ETF during the 4th quarter worth about $28,000. Private Trust Co. NA acquired a new stake in Simplify High Yield ETF in the 4th quarter worth about $30,000. Clearstead Advisors LLC purchased a new stake in shares of Simplify High Yield ETF during the fourth quarter worth approximately $38,000. Finally, NBC Securities Inc. acquired a new position in Simplify High Yield ETF in the 4th quarter valued at $42,000.

Simplify High Yield ETF Stock Down 0.5%

Simplify High Yield ETF stock opened at $20.93 on Friday. The firm has a market capitalization of $387.62 million, a price-to-earnings ratio of 11.17 and a beta of 0.30. Simplify High Yield ETF has a 52-week low of $20.86 and a 52-week high of $23.33. The company has a fifty day simple moving average of $21.16 and a 200-day simple moving average of $21.65.

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.