Janney Montgomery Scott LLC Purchases 61,317 Shares of Simplify High Yield ETF $CDX

Janney Montgomery Scott LLC grew its holdings in shares of Simplify High Yield ETF (NYSEARCA:CDX) by 577.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 71,939 shares of the company’s stock after purchasing an additional 61,317 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.34% of Simplify High Yield ETF worth $1,535,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Wells Fargo & Company MN purchased a new stake in Simplify High Yield ETF during the fourth quarter valued at approximately $27,000. Arax Advisory Partners purchased a new position in shares of Simplify High Yield ETF during the 4th quarter worth $28,000. Private Trust Co. NA purchased a new position in shares of Simplify High Yield ETF during the 4th quarter worth $30,000. Clearstead Advisors LLC bought a new stake in shares of Simplify High Yield ETF during the 4th quarter valued at $38,000. Finally, NBC Securities Inc. purchased a new stake in shares of Simplify High Yield ETF in the 4th quarter worth $42,000.

Simplify High Yield ETF Stock Performance

Shares of Simplify High Yield ETF stock opened at $20.93 on Friday. The stock’s fifty day moving average is $21.16 and its 200 day moving average is $21.65. Simplify High Yield ETF has a one year low of $20.86 and a one year high of $23.33. The stock has a market cap of $387.62 million, a P/E ratio of 11.17 and a beta of 0.30.

Simplify High Yield ETF Company 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.