Worth Asset Management LLC Increases Stake in Simplify High Yield ETF $CDX

Worth Asset Management LLC raised its stake in Simplify High Yield ETF (NYSEARCA:CDX) by 136.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,324 shares of the company’s stock after acquiring an additional 26,714 shares during the quarter. Worth Asset Management LLC owned approximately 0.23% of Simplify High Yield ETF worth $1,032,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Jane Street Group LLC grew its stake in shares of Simplify High Yield ETF by 222.4% during the 1st quarter. Jane Street Group LLC now owns 51,964 shares of the company’s stock worth $1,192,000 after purchasing an additional 35,846 shares during the period. PNC Financial Services Group Inc. purchased a new stake in Simplify High Yield ETF during the second quarter worth $49,000. CreativeOne Wealth LLC purchased a new stake in Simplify High Yield ETF during the second quarter worth $384,000. Steward Partners Investment Advisory LLC grew 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 buying an additional 5,142 shares during the period. Finally, Osaic Holdings Inc. grew its position in Simplify High Yield ETF by 94,758.3% during the second quarter. Osaic Holdings Inc. now owns 22,766 shares of the company’s stock valued at $531,000 after buying an additional 22,742 shares during the period.

Simplify High Yield ETF Stock Performance

CDX opened at $21.21 on Friday. The company has a fifty day moving average of $21.95 and a two-hundred day moving average of $22.38. Simplify High Yield ETF has a fifty-two week low of $21.16 and a fifty-two week high of $24.89. The stock has a market capitalization of $464.92 million, a price-to-earnings ratio of 11.17 and a beta of 0.33.

Simplify High Yield ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Investors of record on Tuesday, February 24th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, February 24th. This represents a c) dividend on an annualized basis and a yield of 8.5%.

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.