Pekin Hardy Strauss Inc. Purchases New Shares in Simplify Interest Rate Hedge ETF $PFIX

Pekin Hardy Strauss Inc. acquired a new stake in shares of Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) during the 2nd quarter, HoldingsChannel reports. The firm acquired 26,185 shares of the company’s stock, valued at approximately $1,384,000.

Several other institutional investors have also recently made changes to their positions in the company. Reyes Financial Architecture Inc. purchased a new stake in shares of Simplify Interest Rate Hedge ETF in the second quarter valued at about $71,000. Simplex Trading LLC boosted its holdings in Simplify Interest Rate Hedge ETF by 3,462.6% during the second quarter. Simplex Trading LLC now owns 4,382 shares of the company’s stock worth $231,000 after purchasing an additional 4,259 shares during the last quarter. Integrity Alliance LLC. bought a new stake in Simplify Interest Rate Hedge ETF in the 2nd quarter worth about $255,000. Avaii Wealth Management LLC bought a new stake in Simplify Interest Rate Hedge ETF in the 2nd quarter worth about $257,000. Finally, Maridea Wealth Management LLC purchased a new stake in Simplify Interest Rate Hedge ETF in the 2nd quarter valued at about $720,000.

Simplify Interest Rate Hedge ETF Price Performance

Simplify Interest Rate Hedge ETF stock opened at $46.19 on Friday. Simplify Interest Rate Hedge ETF has a 52 week low of $43.65 and a 52 week high of $65.15. The company’s 50 day moving average price is $47.72 and its two-hundred day moving average price is $53.52.

Simplify Interest Rate Hedge ETF Company Profile

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).