Holcombe Financial Inc. Invests $1.91 Million in Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX)

Holcombe Financial Inc. bought a new position in shares of Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 36,516 shares of the company’s stock, valued at approximately $1,911,000. Simplify Interest Rate Hedge ETF accounts for about 1.6% of Holcombe Financial Inc.’s portfolio, making the stock its 12th biggest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its position in Simplify Interest Rate Hedge ETF by 909.1% during the 4th quarter. Farther Finance Advisors LLC now owns 555 shares of the company’s stock worth $29,000 after purchasing an additional 500 shares during the period. Archer Investment Corp purchased a new stake in shares of Simplify Interest Rate Hedge ETF in the fourth quarter worth about $42,000. Defined Financial Planning LLC acquired a new stake in Simplify Interest Rate Hedge ETF during the fourth quarter worth about $241,000. Mutual Advisors LLC purchased a new position in Simplify Interest Rate Hedge ETF during the fourth quarter valued at approximately $262,000. Finally, Fortis Capital Advisors LLC acquired a new position in Simplify Interest Rate Hedge ETF in the fourth quarter valued at approximately $339,000.

Simplify Interest Rate Hedge ETF Stock Performance

Simplify Interest Rate Hedge ETF stock opened at $54.85 on Friday. The stock’s 50 day simple moving average is $50.01 and its two-hundred day simple moving average is $49.67. Simplify Interest Rate Hedge ETF has a 12 month low of $37.00 and a 12 month high of $57.50.

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).