Envestnet Asset Management Inc. Acquires 75,813 Shares of Simplify Interest Rate Hedge ETF $PFIX

Envestnet Asset Management Inc. grew its holdings in shares of Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) by 885.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 84,374 shares of the company’s stock after acquiring an additional 75,813 shares during the quarter. Envestnet Asset Management Inc. owned 2.48% of Simplify Interest Rate Hedge ETF worth $4,064,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Integrity Alliance LLC. bought a new position in shares of Simplify Interest Rate Hedge ETF during the 2nd quarter valued at $255,000. Simplex Trading LLC lifted its stake in Simplify Interest Rate Hedge ETF by 3,462.6% in the second 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 last quarter. Pekin Hardy Strauss Inc. purchased a new stake in Simplify Interest Rate Hedge ETF during the second quarter valued at about $1,384,000. Advyzon Investment Management LLC bought a new position in shares of Simplify Interest Rate Hedge ETF during the second quarter valued at about $1,103,000. Finally, Raymond James Financial Inc. bought a new position in shares of Simplify Interest Rate Hedge ETF during the second quarter valued at about $53,000.

Simplify Interest Rate Hedge ETF Price Performance

NYSEARCA PFIX opened at $42.90 on Tuesday. Simplify Interest Rate Hedge ETF has a 1-year low of $42.31 and a 1-year high of $65.15. The stock has a 50-day moving average of $46.72 and a 200-day moving average of $48.33.

Simplify Interest Rate Hedge ETF Cuts Dividend

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

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.