Advyzon Investment Management LLC Raises Stock Position in Simplify Interest Rate Hedge ETF $PFIX

Advyzon Investment Management LLC lifted its holdings in Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) by 196.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,855 shares of the company’s stock after buying an additional 40,982 shares during the period. Advyzon Investment Management LLC owned about 1.82% of Simplify Interest Rate Hedge ETF worth $2,980,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in PFIX. JPMorgan Chase & Co. grew its position in Simplify Interest Rate Hedge ETF by 1,285.0% in the third quarter. JPMorgan Chase & Co. now owns 831 shares of the company’s stock worth $40,000 after acquiring an additional 771 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Simplify Interest Rate Hedge ETF in the 2nd quarter valued at approximately $53,000. Simplex Trading LLC boosted its holdings in shares of Simplify Interest Rate Hedge ETF by 3,462.6% in the 2nd quarter. Simplex Trading LLC now owns 4,382 shares of the company’s stock worth $231,000 after purchasing an additional 4,259 shares during the period. Integrity Alliance LLC. bought a new position in shares of Simplify Interest Rate Hedge ETF during the 2nd quarter valued at approximately $255,000. Finally, Cambridge Advisors Inc. purchased a new stake in Simplify Interest Rate Hedge ETF during the 3rd quarter valued at $287,000.

Simplify Interest Rate Hedge ETF Stock Performance

Shares of PFIX opened at $43.20 on Friday. The business has a fifty day moving average of $46.89 and a 200 day moving average of $48.47. Simplify Interest Rate Hedge ETF has a 52-week low of $42.78 and a 52-week high of $65.15.

Simplify Interest Rate Hedge ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Tuesday, January 27th were issued a $0.10 dividend. This represents a c) annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Tuesday, January 27th.

Simplify Interest Rate Hedge ETF 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). PFIX was launched on May 10, 2021 and is managed by Simplify.