WCG Wealth Advisors LLC Increases Stock Position in Simplify High Yield ETF $CDX

WCG Wealth Advisors LLC boosted its position in shares of Simplify High Yield ETF (NYSEARCA:CDX) by 275.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 154,152 shares of the company’s stock after purchasing an additional 113,040 shares during the period. WCG Wealth Advisors LLC owned approximately 0.70% of Simplify High Yield ETF worth $3,433,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GKV Capital Management Co. Inc. acquired a new position in Simplify High Yield ETF in the 4th quarter worth $617,000. Kingsview Wealth Management LLC grew its stake in shares of Simplify High Yield ETF by 76.2% during the fourth quarter. Kingsview Wealth Management LLC now owns 107,042 shares of the company’s stock valued at $2,384,000 after acquiring an additional 46,291 shares in the last quarter. Clearstead Advisors LLC purchased a new stake in shares of Simplify High Yield ETF during the fourth quarter worth about $38,000. Prevail Innovative Wealth Advisors LLC increased its position in shares of Simplify High Yield ETF by 195.9% during the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 98,609 shares of the company’s stock worth $2,196,000 after acquiring an additional 65,284 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Simplify High Yield ETF by 97.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,100 shares of the company’s stock worth $180,000 after acquiring an additional 4,000 shares in the last quarter.

Simplify High Yield ETF Stock Performance

Shares of CDX opened at $21.17 on Friday. Simplify High Yield ETF has a one year low of $21.02 and a one year high of $23.38. The stock has a 50-day moving average price of $21.37 and a 200 day moving average price of $21.90. The company has a market capitalization of $443.51 million, a P/E ratio of 11.17 and a beta of 0.30.

Simplify High Yield ETF Company Profile

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. CDX was launched on Feb 14, 2022 and is managed by Simplify.