Simplify High Yield ETF $CDX Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC trimmed its holdings in shares of Simplify High Yield ETF (NYSEARCA:CDX) by 45.6% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 277,694 shares of the company’s stock after selling 233,011 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Simplify High Yield ETF were worth $6,476,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in CDX. Belpointe Asset Management LLC purchased a new stake in Simplify High Yield ETF in the second quarter valued at about $223,000. Ameritas Advisory Services LLC acquired a new position in shares of Simplify High Yield ETF during the second quarter valued at about $53,000. Centennial Wealth Advisory LLC increased its holdings in shares of Simplify High Yield ETF by 50.7% during the second quarter. Centennial Wealth Advisory LLC now owns 80,421 shares of the company’s stock valued at $1,875,000 after acquiring an additional 27,069 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Simplify High Yield ETF in the 2nd quarter valued at approximately $1,085,000. Finally, Beacon Capital Management LLC acquired a new stake in Simplify High Yield ETF in the 2nd quarter worth approximately $41,000.

Simplify High Yield ETF Trading Up 0.1%

NYSEARCA:CDX opened at $22.84 on Tuesday. Simplify High Yield ETF has a twelve month low of $21.57 and a twelve month high of $24.89. The company has a market cap of $391.71 million, a PE ratio of 11.17 and a beta of 0.42. The company’s 50 day moving average is $22.95 and its two-hundred day moving average is $23.02.

About Simplify High Yield ETF

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.