Truist Financial Corp Acquires 163,241 Shares of Simplify High Yield PLUS Credit Hedge ETF (NYSEARCA:CDX)

Truist Financial Corp lifted its stake in Simplify High Yield PLUS Credit Hedge ETF (NYSEARCA:CDX) by 1,018.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 179,277 shares of the company’s stock after purchasing an additional 163,241 shares during the period. Truist Financial Corp owned 3.86% of Simplify High Yield PLUS Credit Hedge ETF worth $4,117,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Park Edge Advisors LLC grew its holdings in Simplify High Yield PLUS Credit Hedge ETF by 231.6% during the first quarter. Park Edge Advisors LLC now owns 333,945 shares of the company’s stock valued at $7,655,000 after purchasing an additional 233,241 shares during the period. Commonwealth Equity Services LLC grew its holdings in shares of Simplify High Yield PLUS Credit Hedge ETF by 1.4% in the 1st quarter. Commonwealth Equity Services LLC now owns 162,228 shares of the company’s stock valued at $3,719,000 after buying an additional 2,284 shares during the period. Avantax Advisory Services Inc. increased its position in shares of Simplify High Yield PLUS Credit Hedge ETF by 20.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 43,088 shares of the company’s stock valued at $988,000 after buying an additional 7,200 shares in the last quarter. SFG Wealth Management LLC. acquired a new stake in Simplify High Yield PLUS Credit Hedge ETF during the 2nd quarter worth $528,000. Finally, Simplify Asset Management Inc. lifted its holdings in Simplify High Yield PLUS Credit Hedge ETF by 2,600.0% during the second quarter. Simplify Asset Management Inc. now owns 4,045,997 shares of the company’s stock worth $92,918,000 after acquiring an additional 3,896,143 shares in the last quarter.

Simplify High Yield PLUS Credit Hedge ETF Stock Performance

Shares of Simplify High Yield PLUS Credit Hedge ETF stock opened at $23.68 on Wednesday. The business has a 50-day moving average of $23.76 and a two-hundred day moving average of $23.27. Simplify High Yield PLUS Credit Hedge ETF has a 1 year low of $21.34 and a 1 year high of $25.59.

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.