Stratos Wealth Advisors LLC Purchases 1,344 Shares of Simplify Interest Rate Hedge ETF $PFIX

Stratos Wealth Advisors LLC increased its position in Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) by 9.7% during the second quarter, HoldingsChannel reports. The institutional investor owned 15,133 shares of the company’s stock after acquiring an additional 1,344 shares during the period. Stratos Wealth Advisors LLC’s holdings in Simplify Interest Rate Hedge ETF were worth $800,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in PFIX. Jane Street Group LLC grew its position in Simplify Interest Rate Hedge ETF by 114.5% in the first quarter. Jane Street Group LLC now owns 406,222 shares of the company’s stock worth $19,686,000 after acquiring an additional 216,875 shares in the last quarter. Holcombe Financial Inc. increased its position in Simplify Interest Rate Hedge ETF by 132.9% during the second quarter. Holcombe Financial Inc. now owns 83,964 shares of the company’s stock worth $4,437,000 after buying an additional 47,907 shares during the last quarter. Cetera Investment Advisers bought a new position in Simplify Interest Rate Hedge ETF during the first quarter valued at about $1,113,000. Avantax Advisory Services Inc. bought a new position in Simplify Interest Rate Hedge ETF during the first quarter valued at about $674,000. Finally, Maridea Wealth Management LLC acquired a new stake in shares of Simplify Interest Rate Hedge ETF in the second quarter worth about $720,000.

Simplify Interest Rate Hedge ETF Trading Down 0.6%

PFIX opened at $46.39 on Friday. The stock has a 50-day moving average of $50.70 and a 200-day moving average of $54.34. Simplify Interest Rate Hedge ETF has a 52-week low of $43.75 and a 52-week high of $65.15.

Simplify Interest Rate Hedge ETF 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).