AE Wealth Management LLC Purchases 174,686 Shares of Simplify High Yield ETF $CDX

AE Wealth Management LLC grew its position in shares of Simplify High Yield ETF (NYSEARCA:CDX) by 16.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,216,909 shares of the company’s stock after buying an additional 174,686 shares during the quarter. AE Wealth Management LLC owned approximately 5.91% of Simplify High Yield ETF worth $27,101,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Altiora Financial Group LLC grew its stake in Simplify High Yield ETF by 301.5% during the third quarter. Altiora Financial Group LLC now owns 1,005,361 shares of the company’s stock worth $23,033,000 after buying an additional 754,944 shares during the last quarter. Retirement Planning Group LLC bought a new stake in Simplify High Yield ETF during the third quarter worth about $854,000. Park Edge Advisors LLC grew 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 buying an additional 106,035 shares during the last quarter. Security National Bank bought a new stake in Simplify High Yield ETF during the third quarter worth about $4,102,000. Finally, Silver Oak Securities Incorporated bought a new stake in Simplify High Yield ETF during the third quarter worth about $1,333,000.

Simplify High Yield ETF Trading Up 0.9%

Shares of Simplify High Yield ETF stock opened at $21.75 on Friday. Simplify High Yield ETF has a 1-year low of $21.16 and a 1-year high of $23.56. The firm’s 50-day moving average price is $21.75 and its two-hundred day moving average price is $22.24. The stock has a market capitalization of $455.66 million, a price-to-earnings 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. Stockholders of record on Tuesday, February 24th were paid a dividend of $0.15 per share. This represents a c) annualized dividend and a dividend yield of 8.3%. The ex-dividend date of this dividend was Tuesday, February 24th.

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.