Whalen Wealth Management Inc. Purchases New Shares in Simplify High Yield ETF $CDX

Whalen Wealth Management Inc. purchased a new stake in Simplify High Yield ETF (NYSEARCA:CDX) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 49,467 shares of the company’s stock, valued at approximately $1,154,000. Whalen Wealth Management Inc. owned about 0.41% of Simplify High Yield ETF at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of CDX. Park Edge Advisors LLC increased its position in shares of Simplify High Yield ETF by 43.3% during the 2nd quarter. Park Edge Advisors LLC now owns 612,977 shares of the company’s stock valued at $14,295,000 after purchasing an additional 185,176 shares during the last quarter. AE Wealth Management LLC increased its position in shares of Simplify High Yield ETF by 9.6% during the 1st quarter. AE Wealth Management LLC now owns 559,274 shares of the company’s stock valued at $12,830,000 after purchasing an additional 49,214 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Simplify High Yield ETF during the 2nd quarter valued at $7,890,000. Mid American Wealth Advisory Group Inc. increased its position in shares of Simplify High Yield ETF by 36.1% during the 2nd quarter. Mid American Wealth Advisory Group Inc. now owns 176,740 shares of the company’s stock valued at $4,122,000 after purchasing an additional 46,845 shares during the last quarter. Finally, Summit Financial LLC increased its position in shares of Simplify High Yield ETF by 733.0% during the 1st quarter. Summit Financial LLC now owns 146,249 shares of the company’s stock valued at $3,355,000 after purchasing an additional 128,693 shares during the last quarter.

Simplify High Yield ETF Price Performance

Shares of Simplify High Yield ETF stock opened at $22.75 on Wednesday. Simplify High Yield ETF has a 1 year low of $21.57 and a 1 year high of $24.89. The firm has a market cap of $404.95 million, a PE ratio of 11.17 and a beta of 0.33. The stock has a fifty day moving average price of $22.86 and a 200-day moving average price of $23.00.

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.