Wealth Enhancement Advisory Services LLC Has $8.65 Million Stake in Simplify High Yield ETF $CDX

Wealth Enhancement Advisory Services LLC grew its stake in Simplify High Yield ETF (NYSEARCA:CDX) by 10.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 378,551 shares of the company’s stock after buying an additional 36,974 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Simplify High Yield ETF were worth $8,654,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CDX. AE Wealth Management LLC lifted its holdings in Simplify High Yield ETF by 54.2% in the 2nd quarter. AE Wealth Management LLC now owns 862,680 shares of the company’s stock worth $20,118,000 after purchasing an additional 303,406 shares during the last quarter. Pekin Hardy Strauss Inc. bought a new position in shares of Simplify High Yield ETF in the second quarter valued at approximately $2,209,000. Janney Montgomery Scott LLC acquired a new stake in shares of Simplify High Yield ETF in the second quarter worth $1,085,000. Belpointe Asset Management LLC acquired a new stake in shares of Simplify High Yield ETF in the second quarter worth $223,000. Finally, Steward Partners Investment Advisory LLC boosted its holdings in shares of Simplify High Yield ETF by 6.5% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 84,178 shares of the company’s stock worth $1,963,000 after buying an additional 5,142 shares during the period.

Simplify High Yield ETF Trading Down 0.1%

NYSEARCA:CDX opened at $22.31 on Friday. The firm has a market capitalization of $459.14 million, a PE ratio of 11.17 and a beta of 0.33. Simplify High Yield ETF has a 1 year low of $21.77 and a 1 year high of $24.89. The firm’s fifty day simple moving average is $22.39 and its 200 day simple moving average is $22.72.

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.