Envestnet Asset Management Inc. raised its stake in Simplify High Yield ETF (NYSEARCA:CDX – Free Report) by 150.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 69,813 shares of the company’s stock after acquiring an additional 41,978 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Simplify High Yield ETF were worth $1,628,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in CDX. Beacon Capital Management LLC acquired a new stake in shares of Simplify High Yield ETF in the 2nd quarter valued at about $41,000. Ameritas Advisory Services LLC bought a new position in Simplify High Yield ETF in the second quarter worth approximately $53,000. Heck Capital Advisors LLC acquired a new stake in Simplify High Yield ETF in the second quarter valued at approximately $223,000. Belpointe Asset Management LLC bought a new stake in shares of Simplify High Yield ETF during the second quarter valued at approximately $223,000. Finally, Avantax Advisory Services Inc. raised its position in shares of Simplify High Yield ETF by 10.4% during the first quarter. Avantax Advisory Services Inc. now owns 41,902 shares of the company’s stock worth $961,000 after purchasing an additional 3,948 shares during the period.
Simplify High Yield ETF Stock Down 0.0%
Shares of CDX opened at $22.63 on Thursday. The business’s fifty day moving average is $22.80 and its 200 day moving average is $22.97. Simplify High Yield ETF has a 12-month low of $21.57 and a 12-month high of $24.89. The stock has a market cap of $411.87 million, a P/E ratio of 11.17 and a beta of 0.33.
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.
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Want to see what other hedge funds are holding CDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Simplify High Yield ETF (NYSEARCA:CDX – Free Report).
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