Retirement Planning Group LLC Invests $854,000 in Simplify High Yield ETF $CDX

Retirement Planning Group LLC bought a new position in shares of Simplify High Yield ETF (NYSEARCA:CDX) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 37,257 shares of the company’s stock, valued at approximately $854,000.

Other hedge funds also recently added to or reduced their stakes in the company. AE Wealth Management LLC grew its position in Simplify High Yield ETF by 54.2% during the 2nd quarter. AE Wealth Management LLC now owns 862,680 shares of the company’s stock worth $20,118,000 after purchasing an additional 303,406 shares during the period. Pekin Hardy Strauss Inc. acquired a new position in shares of Simplify High Yield ETF in the 2nd quarter valued at about $2,209,000. Janney Montgomery Scott LLC purchased a new stake in shares of Simplify High Yield ETF in the second quarter worth about $1,085,000. Belpointe Asset Management LLC acquired a new stake in Simplify High Yield ETF during the second quarter worth about $223,000. Finally, Steward Partners Investment Advisory LLC raised its position in Simplify High Yield ETF by 6.5% during the second quarter. Steward Partners Investment Advisory LLC now owns 84,178 shares of the company’s stock valued at $1,963,000 after acquiring an additional 5,142 shares in the last quarter.

Simplify High Yield ETF Stock Performance

Shares of NYSEARCA:CDX opened at $22.30 on Thursday. Simplify High Yield ETF has a 12-month low of $21.77 and a 12-month high of $24.89. The business has a 50 day moving average of $22.45 and a two-hundred day moving average of $22.76. The company has a market capitalization of $451.13 million, a PE ratio of 11.17 and a beta of 0.33.

Simplify High Yield ETF 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.