Global Endowment Management LP lowered its position in shares of Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX – Free Report) by 14.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,000 shares of the company’s stock after selling 1,000 shares during the period. Global Endowment Management LP owned about 0.26% of Simplify Interest Rate Hedge ETF worth $291,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Comerica Bank purchased a new position in shares of Simplify Interest Rate Hedge ETF during the 4th quarter valued at about $28,000. Copia Wealth Management bought a new position in Simplify Interest Rate Hedge ETF during the first quarter valued at approximately $107,000. Comprehensive Money Management Services LLC purchased a new position in shares of Simplify Interest Rate Hedge ETF during the first quarter worth approximately $201,000. J Hagan Capital Inc. purchased a new position in shares of Simplify Interest Rate Hedge ETF during the first quarter worth approximately $283,000. Finally, Integrated Wealth Concepts LLC lifted its holdings in shares of Simplify Interest Rate Hedge ETF by 7.7% in the 4th quarter. Integrated Wealth Concepts LLC now owns 11,404 shares of the company’s stock worth $597,000 after acquiring an additional 820 shares during the last quarter.
Simplify Interest Rate Hedge ETF Stock Up 2.3%
PFIX stock opened at $55.45 on Friday. The firm’s fifty day moving average is $56.07 and its 200 day moving average is $54.07. Simplify Interest Rate Hedge ETF has a 52 week low of $37.00 and a 52 week high of $65.15.
About Simplify Interest Rate Hedge ETF
The Simplify Interest Rate Hedge ETF (PFIX) is an exchange-traded fund that mostly invests in spreads alternatives. The fund is actively managed to provide a hedge against a sharp increase in long-term interest rates. The fund holds OTC interest rate options, US Treasurys, and US Treasury Inflation-Protected Securities (TIPS).
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