Fifth Third Securities Inc. Acquires Shares of 115,458 Simplify High Yield ETF $CDX

Fifth Third Securities Inc. bought a new stake in shares of Simplify High Yield ETF (NYSEARCA:CDX) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 115,458 shares of the company’s stock, valued at approximately $2,645,000.

Several other institutional investors have also modified their holdings of the business. AE Wealth Management LLC boosted its holdings in Simplify High Yield ETF by 54.2% in the second quarter. AE Wealth Management LLC now owns 862,680 shares of the company’s stock valued at $20,118,000 after purchasing an additional 303,406 shares during the last quarter. Pekin Hardy Strauss Inc. acquired a new position in shares of Simplify High Yield ETF in the 2nd quarter valued at approximately $2,209,000. Janney Montgomery Scott LLC purchased a new position in shares of Simplify High Yield ETF during the 2nd quarter valued at approximately $1,085,000. Belpointe Asset Management LLC acquired a new stake in shares of Simplify High Yield ETF during the second quarter worth approximately $223,000. Finally, Steward Partners Investment Advisory LLC increased its stake in shares of Simplify High Yield ETF by 6.5% in the second 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 last quarter.

Simplify High Yield ETF Price Performance

CDX opened at $22.41 on Monday. The stock has a market capitalization of $407.86 million, a PE ratio of 11.17 and a beta of 0.33. The firm’s fifty day moving average price is $22.63 and its 200 day moving average price is $22.87. Simplify High Yield ETF has a 12-month low of $21.57 and a 12-month high of $24.89.

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.