Wedbush Securities Inc. Purchases 10,835 Shares of Simplify Interest Rate Hedge ETF $PFIX

Wedbush Securities Inc. purchased a new position in Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 10,835 shares of the company’s stock, valued at approximately $681,000.

Other large investors also recently modified their holdings of the company. Drum Hill Capital LLC increased its position in shares of Simplify Interest Rate Hedge ETF by 1.9% during the 3rd quarter. Drum Hill Capital LLC now owns 148,265 shares of the company’s stock valued at $9,324,000 after purchasing an additional 2,809 shares during the last quarter. FSA Investment Group LLC lifted its stake in shares of Simplify Interest Rate Hedge ETF by 36.4% in the 3rd quarter. FSA Investment Group LLC now owns 41,485 shares of the company’s stock worth $2,609,000 after purchasing an additional 11,063 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Simplify Interest Rate Hedge ETF by 2,725.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 15,684 shares of the company’s stock worth $986,000 after purchasing an additional 15,129 shares during the period. Anchor Investment Management LLC boosted its holdings in shares of Simplify Interest Rate Hedge ETF by 121.6% in the first quarter. Anchor Investment Management LLC now owns 20,445 shares of the company’s stock worth $945,000 after buying an additional 11,220 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. purchased a new position in shares of Simplify Interest Rate Hedge ETF in the third quarter worth approximately $912,000.

Simplify Interest Rate Hedge ETF Stock Performance

Shares of NYSEARCA PFIX opened at $56.01 on Tuesday. The firm has a 50 day moving average of $56.36 and a 200 day moving average of $48.92. Simplify Interest Rate Hedge ETF has a 12-month low of $41.37 and a 12-month high of $68.11.

About Simplify Interest Rate Hedge ETF

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.