Drum Hill Capital LLC acquired a new stake in shares of Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX – Free Report) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 109,968 shares of the company’s stock, valued at approximately $5,756,000. Simplify Interest Rate Hedge ETF comprises about 7.2% of Drum Hill Capital LLC’s holdings, making the stock its 3rd biggest position.
A number of other institutional investors and hedge funds also recently modified their holdings of PFIX. Bank of Montreal Can acquired a new position in shares of Simplify Interest Rate Hedge ETF during the 3rd quarter valued at about $3,690,000. Altiora Financial Group LLC acquired a new stake in Simplify Interest Rate Hedge ETF during the 3rd quarter worth approximately $912,000. Pekin Hardy Strauss Inc. increased its position in Simplify Interest Rate Hedge ETF by 13.8% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 106,993 shares of the company’s stock worth $4,400,000 after purchasing an additional 12,973 shares in the last quarter. Choreo LLC acquired a new stake in Simplify Interest Rate Hedge ETF during the 4th quarter worth approximately $673,000. Finally, Perigon Wealth Management LLC acquired a new stake in Simplify Interest Rate Hedge ETF during the 4th quarter worth approximately $399,000.
Simplify Interest Rate Hedge ETF Price Performance
PFIX opened at $50.06 on Friday. The firm has a 50 day moving average price of $52.62 and a 200 day moving average price of $47.28. Simplify Interest Rate Hedge ETF has a 1 year low of $37.00 and a 1 year high of $57.50.
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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Want to see what other hedge funds are holding PFIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX – Free Report).
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