NewEdge Advisors LLC Sells 33,285 Shares of Simplify High Yield ETF $CDX

NewEdge Advisors LLC lessened its stake in shares of Simplify High Yield ETF (NYSEARCA:CDX) by 14.6% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 194,856 shares of the company’s stock after selling 33,285 shares during the quarter. NewEdge Advisors LLC’s holdings in Simplify High Yield ETF were worth $4,158,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Wells Fargo & Company MN bought a new stake in Simplify High Yield ETF in the fourth quarter worth about $27,000. Arax Advisory Partners purchased a new stake in shares of Simplify High Yield ETF during the 4th quarter worth approximately $28,000. Private Trust Co. NA bought a new stake in shares of Simplify High Yield ETF in the 4th quarter worth approximately $30,000. Clearstead Advisors LLC purchased a new position in Simplify High Yield ETF in the fourth quarter valued at approximately $38,000. Finally, NBC Securities Inc. bought a new position in Simplify High Yield ETF during the fourth quarter valued at $42,000.

Simplify High Yield ETF Price Performance

Shares of CDX opened at $20.63 on Friday. Simplify High Yield ETF has a 1 year low of $20.42 and a 1 year high of $23.33. The stock’s fifty day moving average price is $21.02 and its two-hundred day moving average price is $21.50. The firm has a market cap of $376.08 million, a PE ratio of 11.17 and a beta of 0.30.

About Simplify High Yield ETF

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.