Envestnet Asset Management Inc. Acquires 97,582 Shares of Simplify High Yield ETF $CDX

Envestnet Asset Management Inc. grew its holdings in Simplify High Yield ETF (NYSEARCA:CDX) by 139.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 167,395 shares of the company’s stock after buying an additional 97,582 shares during the period. Envestnet Asset Management Inc. owned approximately 0.93% of Simplify High Yield ETF worth $3,835,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. AE Wealth Management LLC lifted its holdings in shares of Simplify High Yield ETF by 20.8% in the 3rd quarter. AE Wealth Management LLC now owns 1,042,223 shares of the company’s stock valued at $23,877,000 after acquiring an additional 179,543 shares during the last quarter. Park Edge Advisors LLC increased its stake in Simplify High Yield ETF by 17.3% during the third quarter. Park Edge Advisors LLC now owns 719,012 shares of the company’s stock worth $16,473,000 after acquiring an additional 106,035 shares during the last quarter. Insight Wealth Strategies LLC purchased a new stake in Simplify High Yield ETF during the third quarter valued at approximately $11,795,000. Wealth Enhancement Advisory Services LLC raised its position in Simplify High Yield ETF by 10.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 378,551 shares of the company’s stock valued at $8,654,000 after purchasing an additional 36,974 shares during the period. Finally, Commonwealth Equity Services LLC lifted its stake in shares of Simplify High Yield ETF by 1.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 373,713 shares of the company’s stock valued at $8,562,000 after purchasing an additional 4,819 shares during the last quarter.

Simplify High Yield ETF Stock Performance

Shares of Simplify High Yield ETF stock opened at $21.98 on Wednesday. The stock has a market cap of $481.80 million, a price-to-earnings ratio of 11.17 and a beta of 0.33. The stock has a 50 day moving average price of $22.21 and a 200-day moving average price of $22.57. Simplify High Yield ETF has a one year low of $21.77 and a one year high of $24.89.

Simplify High Yield ETF Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Tuesday, February 24th will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, February 24th. This represents a c) dividend on an annualized basis and a yield of 8.2%.

About Simplify High Yield ETF

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.