Simplify Aggregate Bond ETF (NYSEARCA:AGGH) Shares Down 0.2% – Here’s Why

Simplify Aggregate Bond ETF (NYSEARCA:AGGH)’s stock price was down 0.2% during mid-day trading on Monday . The stock traded as low as $20.34 and last traded at $20.36. Approximately 176,669 shares traded hands during mid-day trading, a decline of 14% from the average daily volume of 204,298 shares. The stock had previously closed at $20.40.

Simplify Aggregate Bond ETF Price Performance

The firm has a 50-day moving average price of $20.64 and a 200-day moving average price of $20.75.

Simplify Aggregate Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 24th were given a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, February 24th. This represents a c) annualized dividend and a dividend yield of 7.1%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Strive Financial Group LLC bought a new position in Simplify Aggregate Bond ETF during the 4th quarter valued at approximately $30,000. Sound Income Strategies LLC increased its position in Simplify Aggregate Bond ETF by 588.7% during the 4th quarter. Sound Income Strategies LLC now owns 1,832 shares of the company’s stock valued at $38,000 after buying an additional 1,566 shares in the last quarter. NBC Securities Inc. bought a new position in Simplify Aggregate Bond ETF during the 4th quarter valued at approximately $42,000. Farther Finance Advisors LLC bought a new position in Simplify Aggregate Bond ETF during the 3rd quarter valued at approximately $50,000. Finally, International Assets Investment Management LLC bought a new position in Simplify Aggregate Bond ETF during the 4th quarter valued at approximately $53,000.

Simplify Aggregate Bond ETF Company Profile

The Simplify Aggregate Bond PLUS Credit Hedge ETF (AGGH) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is a fund-of-funds that seeks total return by providing exposure to US investment-grade bonds combined with several credit hedging strategies. The fund is actively managed. AGGH was launched on Feb 14, 2022 and is managed by Simplify.