Insight Wealth Strategies LLC Purchases New Holdings in Simplify High Yield ETF $CDX

Insight Wealth Strategies LLC purchased a new position in shares of Simplify High Yield ETF (NYSEARCA:CDX) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 514,852 shares of the company’s stock, valued at approximately $11,795,000. Simplify High Yield ETF accounts for approximately 1.4% of Insight Wealth Strategies LLC’s portfolio, making the stock its 23rd biggest holding. Insight Wealth Strategies LLC owned approximately 3.00% of Simplify High Yield ETF as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Beacon Capital Management LLC bought a new stake in shares of Simplify High Yield ETF in the 2nd quarter worth approximately $41,000. TD Waterhouse Canada Inc. bought a new stake in Simplify High Yield ETF during the 2nd quarter valued at $44,000. PNC Financial Services Group Inc. purchased a new stake in shares of Simplify High Yield ETF during the second quarter worth $49,000. Ameritas Advisory Services LLC bought a new position in shares of Simplify High Yield ETF in the second quarter worth $53,000. Finally, Belpointe Asset Management LLC bought a new position in shares of Simplify High Yield ETF in the second quarter worth $223,000.

Simplify High Yield ETF Stock Up 0.1%

CDX stock opened at $22.42 on Tuesday. The stock has a 50-day simple moving average of $22.66 and a two-hundred day simple moving average of $22.89. Simplify High Yield ETF has a twelve month low of $21.57 and a twelve month high of $24.89. The firm has a market capitalization of $408.04 million, a PE ratio of 11.17 and a beta of 0.33.

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.