AE Wealth Management LLC Increases Stock Holdings in Simplify High Yield ETF $CDX

AE Wealth Management LLC grew its holdings in shares of Simplify High Yield ETF (NYSEARCA:CDX) by 20.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,042,223 shares of the company’s stock after purchasing an additional 179,543 shares during the period. AE Wealth Management LLC owned about 0.06% of Simplify High Yield ETF worth $23,877,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. TD Waterhouse Canada Inc. acquired a new position in shares of Simplify High Yield ETF in the second quarter valued at approximately $44,000. PNC Financial Services Group Inc. purchased a new position in Simplify High Yield ETF in the 2nd quarter valued at approximately $49,000. Ameritas Advisory Services LLC acquired a new position in shares of Simplify High Yield ETF in the second quarter worth $53,000. BayBridge Capital Group LLC acquired a new position in shares of Simplify High Yield ETF in the third quarter worth $219,000. Finally, Belpointe Asset Management LLC purchased a new stake in shares of Simplify High Yield ETF during the second quarter worth $223,000.

Simplify High Yield ETF Trading Down 0.1%

NYSEARCA:CDX opened at $22.23 on Friday. Simplify High Yield ETF has a 12-month low of $21.77 and a 12-month high of $24.89. The firm has a market cap of $491.28 million, a PE ratio of 11.17 and a beta of 0.33. The stock has a fifty day moving average price of $22.36 and a 200 day moving average price of $22.70.

Simplify High Yield ETF Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Tuesday, January 27th will be paid a $0.15 dividend. This represents a c) annualized dividend and a dividend yield of 8.1%. The ex-dividend date is Tuesday, January 27th.

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.