Comerica Bank Makes New Investment in Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX)

Comerica Bank purchased a new position in Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 538 shares of the company’s stock, valued at approximately $28,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Integrated Wealth Concepts LLC grew its stake in Simplify Interest Rate Hedge ETF by 7.7% in the 4th quarter. Integrated Wealth Concepts LLC now owns 11,404 shares of the company’s stock worth $597,000 after acquiring an additional 820 shares during the period. Holcombe Financial Inc. acquired a new position in Simplify Interest Rate Hedge ETF in the fourth quarter valued at $1,911,000. Defined Financial Planning LLC purchased a new position in Simplify Interest Rate Hedge ETF during the fourth quarter worth about $241,000. Belpointe Asset Management LLC acquired a new stake in Simplify Interest Rate Hedge ETF in the 4th quarter worth about $339,000. Finally, Fortis Capital Advisors LLC acquired a new stake in Simplify Interest Rate Hedge ETF in the 4th quarter worth about $339,000.

Simplify Interest Rate Hedge ETF Stock Up 0.5%

NYSEARCA PFIX opened at $58.43 on Tuesday. Simplify Interest Rate Hedge ETF has a 12 month low of $37.00 and a 12 month high of $60.86. The company has a 50-day moving average of $53.09 and a 200-day moving average of $51.27.

Simplify Interest Rate Hedge ETF Company Profile

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).