HighTower Advisors LLC Takes $1.11 Million Position in Simplify Interest Rate Hedge ETF $PFIX

HighTower Advisors LLC acquired a new stake in Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 23,140 shares of the company’s stock, valued at approximately $1,109,000. HighTower Advisors LLC owned approximately 0.63% of Simplify Interest Rate Hedge ETF at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of PFIX. Raymond James Financial Inc. acquired a new stake in shares of Simplify Interest Rate Hedge ETF in the second quarter valued at $53,000. Ausdal Financial Partners Inc. acquired a new stake in shares of Simplify Interest Rate Hedge ETF in the second quarter valued at $650,000. Jane Street Group LLC raised its stake in shares of Simplify Interest Rate Hedge ETF by 2.6% in the second quarter. Jane Street Group LLC now owns 416,853 shares of the company’s stock valued at $22,027,000 after acquiring an additional 10,631 shares in the last quarter. Osaic Holdings Inc. raised its stake in shares of Simplify Interest Rate Hedge ETF by 23.9% in the second quarter. Osaic Holdings Inc. now owns 11,233 shares of the company’s stock valued at $594,000 after acquiring an additional 2,170 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of Simplify Interest Rate Hedge ETF by 885.6% in the third quarter. Envestnet Asset Management Inc. now owns 84,374 shares of the company’s stock valued at $4,064,000 after acquiring an additional 75,813 shares in the last quarter.

Simplify Interest Rate Hedge ETF Trading Up 1.2%

Shares of NYSEARCA PFIX opened at $46.74 on Friday. Simplify Interest Rate Hedge ETF has a 12-month low of $41.45 and a 12-month high of $61.20. The business’s fifty day simple moving average is $46.93 and its 200-day simple moving average is $46.76.

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.