CVS HEALTH Corp Makes New $670,000 Investment in Simplify Interest Rate Hedge ETF $PFIX

CVS HEALTH Corp bought a new stake in Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) during the 1st quarter, Holdings Channel.com reports. The institutional investor bought 14,500 shares of the company’s stock, valued at approximately $670,000. Simplify Interest Rate Hedge ETF accounts for about 0.3% of CVS HEALTH Corp’s portfolio, making the stock its 25th biggest holding.

Other hedge funds have also made changes to their positions in the company. Trek Financial LLC purchased a new stake in shares of Simplify Interest Rate Hedge ETF in the 4th quarter worth about $11,986,000. Commonwealth Equity Services LLC increased its holdings in Simplify Interest Rate Hedge ETF by 189.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 193,913 shares of the company’s stock valued at $9,294,000 after acquiring an additional 126,991 shares in the last quarter. Hilltop Holdings Inc. acquired a new position in Simplify Interest Rate Hedge ETF during the fourth quarter worth about $2,027,000. Drum Hill Capital LLC raised its position in Simplify Interest Rate Hedge ETF by 25.9% during the first quarter. Drum Hill Capital LLC now owns 143,638 shares of the company’s stock worth $6,640,000 after acquiring an additional 29,592 shares during the last quarter. Finally, HighTower Advisors LLC acquired a new position in Simplify Interest Rate Hedge ETF during the fourth quarter worth about $1,109,000.

Simplify Interest Rate Hedge ETF Stock Up 1.4%

Shares of NYSEARCA PFIX opened at $47.34 on Tuesday. The firm’s 50-day moving average is $46.41 and its two-hundred day moving average is $45.96. Simplify Interest Rate Hedge ETF has a 12-month low of $41.37 and a 12-month high of $60.97.

Simplify Interest Rate Hedge ETF Company 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). PFIX was launched on May 10, 2021 and is managed by Simplify.