Stephens Inc. AR Takes $2.17 Million Position in Simplify High Yield ETF $CDX

Stephens Inc. AR bought a new position in shares of Simplify High Yield ETF (NYSEARCA:CDX) in the third quarter, HoldingsChannel reports. The firm bought 94,879 shares of the company’s stock, valued at approximately $2,174,000.

Several other large investors have also recently bought and sold shares of the stock. Beacon Capital Management LLC bought a new position in Simplify High Yield ETF in the second quarter valued at approximately $41,000. TD Waterhouse Canada Inc. acquired a new position in Simplify High Yield ETF during the second quarter worth $44,000. PNC Financial Services Group Inc. bought a new stake in Simplify High Yield ETF during the second quarter worth $49,000. Ameritas Advisory Services LLC acquired a new stake in Simplify High Yield ETF in the 2nd quarter valued at about $53,000. Finally, BayBridge Capital Group LLC bought a new position in shares of Simplify High Yield ETF during the 3rd quarter worth approximately $219,000.

Simplify High Yield ETF Price Performance

Shares of CDX opened at $22.40 on Friday. The firm has a market capitalization of $453.15 million, a PE ratio of 11.17 and a beta of 0.33. The company’s 50-day moving average is $22.43 and its 200-day moving average is $22.74. Simplify High Yield ETF has a fifty-two week low of $21.77 and a fifty-two week high of $24.89.

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.