Altiora Financial Group LLC Has $23.93 Million Stock Position in Simplify High Yield ETF $CDX

Altiora Financial Group LLC increased its stake in Simplify High Yield ETF (NYSEARCA:CDX) by 6.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,074,402 shares of the company’s stock after acquiring an additional 69,041 shares during the period. Simplify High Yield ETF comprises 4.1% of Altiora Financial Group LLC’s investment portfolio, making the stock its 5th biggest position. Altiora Financial Group LLC’s holdings in Simplify High Yield ETF were worth $23,927,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cooper Financial Group bought a new stake in shares of Simplify High Yield ETF during the 4th quarter valued at $669,000. Prevail Innovative Wealth Advisors LLC bought a new stake in shares of Simplify High Yield ETF during the 3rd quarter valued at $763,000. Park Edge Advisors LLC raised its position in shares of Simplify High Yield ETF by 4.7% during the 4th quarter. Park Edge Advisors LLC now owns 753,087 shares of the company’s stock valued at $16,771,000 after acquiring an additional 34,075 shares during the last quarter. Meridian Wealth Management LLC bought a new stake in shares of Simplify High Yield ETF during the 4th quarter valued at $7,109,000. Finally, Insight Wealth Strategies LLC raised its position in shares of Simplify High Yield ETF by 25.7% during the 4th quarter. Insight Wealth Strategies LLC now owns 647,232 shares of the company’s stock valued at $14,414,000 after acquiring an additional 132,380 shares during the last quarter.

Simplify High Yield ETF Stock Performance

Shares of Simplify High Yield ETF stock opened at $21.24 on Friday. The firm has a fifty day moving average of $21.35 and a two-hundred day moving average of $21.85. The stock has a market capitalization of $444.98 million, a price-to-earnings ratio of 11.17 and a beta of 0.30. Simplify High Yield ETF has a 52 week low of $21.02 and a 52 week high of $23.38.

Simplify High Yield ETF Profile

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.