Park Edge Advisors LLC Purchases 106,035 Shares of Simplify High Yield ETF $CDX

Park Edge Advisors LLC grew its position in shares of Simplify High Yield ETF (NYSEARCA:CDX) by 17.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 719,012 shares of the company’s stock after buying an additional 106,035 shares during the quarter. Simplify High Yield ETF makes up approximately 3.8% of Park Edge Advisors LLC’s portfolio, making the stock its 2nd largest position. Park Edge Advisors LLC’s holdings in Simplify High Yield ETF were worth $16,473,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CDX. Beacon Capital Management LLC acquired a new position in shares of Simplify High Yield ETF in the second quarter valued at about $41,000. TD Waterhouse Canada Inc. bought a new stake in shares of Simplify High Yield ETF during the 2nd quarter worth approximately $44,000. PNC Financial Services Group Inc. acquired a new position in Simplify High Yield ETF during the second quarter valued at approximately $49,000. Ameritas Advisory Services LLC bought a new stake in Simplify High Yield ETF during the second quarter worth $53,000. Finally, Steward Partners Investment Advisory LLC boosted its holdings in shares of Simplify High Yield ETF by 6.5% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 84,178 shares of the company’s stock valued at $1,963,000 after purchasing an additional 5,142 shares in the last quarter.

Simplify High Yield ETF Stock Performance

Shares of CDX opened at $22.43 on Friday. Simplify High Yield ETF has a 52-week low of $21.57 and a 52-week high of $24.89. The firm has a market cap of $408.23 million, a price-to-earnings ratio of 11.17 and a beta of 0.33. The business’s fifty day moving average is $22.64 and its 200-day moving average is $22.88.

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.