Choreo LLC Buys Shares of 13,053 Simplify Interest Rate Hedge ETF $PFIX

Choreo LLC purchased a new stake in shares of Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 13,053 shares of the company’s stock, valued at approximately $629,000. Choreo LLC owned about 0.38% of Simplify Interest Rate Hedge ETF as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of PFIX. JPMorgan Chase & Co. raised its stake 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 valued at $40,000 after buying an additional 771 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Simplify Interest Rate Hedge ETF in the 2nd quarter valued at approximately $53,000. Simplex Trading LLC boosted its stake in 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 in the last quarter. Cambridge Advisors Inc. acquired a new stake in Simplify Interest Rate Hedge ETF in the 3rd quarter worth approximately $287,000. Finally, Farther Finance Advisors LLC grew its position in Simplify Interest Rate Hedge ETF by 1,382.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 8,229 shares of the company’s stock worth $396,000 after purchasing an additional 7,674 shares during the last quarter.

Simplify Interest Rate Hedge ETF Stock Down 1.9%

NYSEARCA PFIX opened at $42.28 on Thursday. Simplify Interest Rate Hedge ETF has a 12-month low of $41.45 and a 12-month high of $65.15. The company has a fifty day simple moving average of $45.67 and a two-hundred day simple moving average of $47.78.

Simplify Interest Rate Hedge ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Tuesday, February 24th were given a $0.10 dividend. This represents a c) annualized dividend and a yield of 2.8%. The ex-dividend date was Tuesday, February 24th.

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.