Cooper Financial Group Invests $669,000 in Simplify High Yield ETF $CDX

Cooper Financial Group acquired a new stake in Simplify High Yield ETF (NYSEARCA:CDX) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 30,024 shares of the company’s stock, valued at approximately $669,000. Cooper Financial Group owned approximately 0.15% of Simplify High Yield ETF at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Insight Wealth Strategies LLC increased its position in Simplify High Yield ETF by 25.7% during the 4th quarter. Insight Wealth Strategies LLC now owns 647,232 shares of the company’s stock worth $14,414,000 after purchasing an additional 132,380 shares in the last quarter. Triumph Capital Management acquired a new position in Simplify High Yield ETF during the third quarter valued at approximately $217,000. Kestra Private Wealth Services LLC lifted its position in Simplify High Yield ETF by 2.2% during the third quarter. Kestra Private Wealth Services LLC now owns 36,154 shares of the company’s stock valued at $828,000 after buying an additional 795 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in Simplify High Yield ETF during the third quarter worth approximately $4,809,000. Finally, Focus Partners Wealth grew its stake in Simplify High Yield ETF by 7.1% during the third quarter. Focus Partners Wealth now owns 178,541 shares of the company’s stock worth $4,090,000 after buying an additional 11,805 shares during the period.

Simplify High Yield ETF Stock Down 0.7%

Simplify High Yield ETF stock opened at $21.52 on Monday. The firm has a fifty day moving average of $22.04 and a 200-day moving average of $22.43. Simplify High Yield ETF has a 52-week low of $21.49 and a 52-week high of $24.89. The firm has a market capitalization of $471.72 million, a P/E ratio of 11.17 and a beta of 0.33.

Simplify High Yield ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 27th. Investors of record on Tuesday, February 24th were issued a $0.15 dividend. This represents a c) annualized dividend and a yield of 8.4%. The ex-dividend date was Tuesday, February 24th.

Simplify High Yield ETF Profile

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.