Commonwealth Equity Services LLC Purchases 6,429 Shares of Simplify High Yield PLUS Credit Hedge ETF (NYSEARCA:CDX)

Commonwealth Equity Services LLC boosted its position in Simplify High Yield PLUS Credit Hedge ETF (NYSEARCA:CDX) by 3.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 175,977 shares of the company’s stock after acquiring an additional 6,429 shares during the period. Commonwealth Equity Services LLC owned 3.78% of Simplify High Yield PLUS Credit Hedge ETF worth $3,838,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Flagship Harbor Advisors LLC increased its holdings in shares of Simplify High Yield PLUS Credit Hedge ETF by 45.8% in the fourth quarter. Flagship Harbor Advisors LLC now owns 183,702 shares of the company’s stock worth $4,007,000 after purchasing an additional 57,741 shares during the period. Mid American Wealth Advisory Group Inc. raised its holdings in shares of Simplify High Yield PLUS Credit Hedge ETF by 61.3% in the 4th quarter. Mid American Wealth Advisory Group Inc. now owns 102,798 shares of the company’s stock valued at $2,242,000 after acquiring an additional 39,084 shares in the last quarter. Truist Financial Corp grew its holdings in shares of Simplify High Yield PLUS Credit Hedge ETF by 17.5% during the fourth quarter. Truist Financial Corp now owns 239,171 shares of the company’s stock worth $5,216,000 after purchasing an additional 35,660 shares in the last quarter. SFG Wealth Management LLC. bought a new position in shares of Simplify High Yield PLUS Credit Hedge ETF in the fourth quarter worth approximately $704,000. Finally, Steward Partners Investment Advisory LLC raised its stake in Simplify High Yield PLUS Credit Hedge ETF by 32.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 82,930 shares of the company’s stock valued at $1,809,000 after purchasing an additional 20,263 shares in the last quarter.

Simplify High Yield PLUS Credit Hedge ETF Price Performance

Shares of CDX opened at $23.08 on Tuesday. Simplify High Yield PLUS Credit Hedge ETF has a 1 year low of $21.34 and a 1 year high of $25.59. The stock has a 50 day simple moving average of $22.64 and a two-hundred day simple moving average of $23.00. The firm has a market cap of $150.71 million, a P/E ratio of 16.89 and a beta of 0.40.

Simplify High Yield PLUS Credit Hedge ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 25th were issued a $0.05 dividend. The ex-dividend date was Tuesday, February 25th.

Simplify High Yield PLUS Credit Hedge ETF 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.