Pekin Hardy Strauss Inc. Acquires New Shares in Simplify High Yield ETF $CDX
by Jessica Moore · The Cerbat GemPekin Hardy Strauss Inc. bought a new stake in Simplify High Yield ETF (NYSEARCA:CDX – Free Report) during the second quarter, Holdings Channel.com reports. The firm bought 94,731 shares of the company’s stock, valued at approximately $2,209,000.
Several other hedge funds also recently bought and sold shares of CDX. Beacon Capital Management LLC acquired a new stake in shares of Simplify High Yield ETF during the second quarter valued at about $41,000. Ameritas Advisory Services LLC purchased a new position in shares of Simplify High Yield ETF during the second quarter worth $53,000. Belpointe Asset Management LLC purchased a new stake in shares of Simplify High Yield ETF in the 2nd quarter valued at $223,000. Heck Capital Advisors LLC acquired a new position in Simplify High Yield ETF during the 2nd quarter worth about $223,000. Finally, GWN Securities Inc. acquired a new position in Simplify High Yield ETF during the 2nd quarter worth about $320,000.
Simplify High Yield ETF Stock Performance
NYSEARCA CDX opened at $22.73 on Friday. The firm has a 50 day simple moving average of $22.82 and a 200-day simple moving average of $22.99. The firm has a market cap of $413.69 million, a price-to-earnings ratio of 11.17 and a beta of 0.33. Simplify High Yield ETF has a one year low of $21.57 and a one year high of $24.89.
Simplify High Yield 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.
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Want to see what other hedge funds are holding CDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Simplify High Yield ETF (NYSEARCA:CDX – Free Report).