123,857 Shares in Simplify High Yield ETF $CDX Purchased by Adapt Wealth Advisors LLC

Adapt Wealth Advisors LLC acquired a new position in Simplify High Yield ETF (NYSEARCA:CDX) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 123,857 shares of the company’s stock, valued at approximately $2,838,000. Simplify High Yield ETF accounts for approximately 1.0% of Adapt Wealth Advisors LLC’s investment portfolio, making the stock its 23rd biggest holding. Adapt Wealth Advisors LLC owned about 0.68% of Simplify High Yield ETF at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in CDX. TD Waterhouse Canada Inc. purchased a new stake in shares of Simplify High Yield ETF in the 2nd quarter worth approximately $44,000. PNC Financial Services Group Inc. bought a new stake in Simplify High Yield ETF in the second quarter worth $49,000. BayBridge Capital Group LLC purchased a new stake in shares of Simplify High Yield ETF in the third quarter worth $219,000. Belpointe Asset Management LLC increased its holdings in shares of Simplify High Yield ETF by 9.3% during the third quarter. Belpointe Asset Management LLC now owns 10,465 shares of the company’s stock valued at $240,000 after acquiring an additional 890 shares in the last quarter. Finally, Almanack Investment Partners LLC. bought a new position in shares of Simplify High Yield ETF during the third quarter valued at $249,000.

Simplify High Yield ETF Price Performance

Shares of Simplify High Yield ETF stock opened at $22.09 on Friday. The stock has a market cap of $484.21 million, a price-to-earnings ratio of 11.17 and a beta of 0.33. The firm’s 50-day moving average is $22.23 and its 200 day moving average is $22.59. Simplify High Yield ETF has a 1 year low of $21.77 and a 1 year high of $24.89.

Simplify High Yield ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Tuesday, January 27th were paid a dividend of $0.15 per share. This represents a c) annualized dividend and a yield of 8.1%. The ex-dividend date of this dividend was Tuesday, January 27th.

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.