GKV Capital Management Co. Inc. Takes Position in Simplify High Yield ETF $CDX

GKV Capital Management Co. Inc. acquired a new stake in shares of Simplify High Yield ETF (NYSEARCA:CDX) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 27,705 shares of the company’s stock, valued at approximately $617,000. GKV Capital Management Co. Inc. owned about 0.13% of Simplify High Yield ETF at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Altiora Financial Group LLC raised its stake in Simplify High Yield ETF by 301.5% in the 3rd quarter. Altiora Financial Group LLC now owns 1,005,361 shares of the company’s stock worth $23,033,000 after acquiring an additional 754,944 shares during the last quarter. Cooper Financial Group purchased a new position in Simplify High Yield ETF in the 4th quarter worth $669,000. Prevail Innovative Wealth Advisors LLC purchased a new position in Simplify High Yield ETF in the 3rd quarter worth $763,000. Park Edge Advisors LLC raised its stake in Simplify High Yield ETF by 4.7% in the 4th quarter. Park Edge Advisors LLC now owns 753,087 shares of the company’s stock worth $16,771,000 after acquiring an additional 34,075 shares during the last quarter. Finally, Insight Wealth Strategies LLC raised its stake in Simplify High Yield ETF by 25.7% in the 4th quarter. Insight Wealth Strategies LLC now owns 647,232 shares of the company’s stock worth $14,414,000 after acquiring an additional 132,380 shares during the last quarter.

Simplify High Yield ETF Price Performance

Shares of CDX stock opened at $21.03 on Thursday. The firm has a market capitalization of $440.58 million, a price-to-earnings ratio of 11.17 and a beta of 0.31. The business has a fifty day moving average of $21.38 and a 200 day moving average of $21.91. Simplify High Yield ETF has a 1 year low of $21.02 and a 1 year high of $23.38.

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.