Pekin Hardy Strauss Inc. Acquires 12,973 Shares of Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX)

Pekin Hardy Strauss Inc. boosted its holdings in Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) by 13.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 106,993 shares of the company’s stock after acquiring an additional 12,973 shares during the period. Pekin Hardy Strauss Inc. owned 3.53% of Simplify Interest Rate Hedge ETF worth $4,400,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Stratos Wealth Advisors LLC lifted its holdings in Simplify Interest Rate Hedge ETF by 2.1% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 17,364 shares of the company’s stock worth $714,000 after purchasing an additional 354 shares during the last quarter. Comerica Bank lifted its holdings in shares of Simplify Interest Rate Hedge ETF by 41.6% during the first quarter. Comerica Bank now owns 1,361 shares of the company’s stock worth $61,000 after buying an additional 400 shares in the last quarter. Professional Financial Advisors LLC boosted its position in shares of Simplify Interest Rate Hedge ETF by 5.1% in the third quarter. Professional Financial Advisors LLC now owns 15,707 shares of the company’s stock valued at $646,000 after acquiring an additional 767 shares during the period. Fortis Group Advisors LLC grew its stake in shares of Simplify Interest Rate Hedge ETF by 7.8% in the second quarter. Fortis Group Advisors LLC now owns 11,976 shares of the company’s stock valued at $573,000 after acquiring an additional 868 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its position in Simplify Interest Rate Hedge ETF by 1.3% during the second quarter. Commonwealth Equity Services LLC now owns 69,856 shares of the company’s stock worth $3,343,000 after acquiring an additional 874 shares during the period.

Simplify Interest Rate Hedge ETF Price Performance

NYSEARCA PFIX opened at $50.22 on Friday. The firm has a 50-day moving average price of $45.84 and a two-hundred day moving average price of $45.54. Simplify Interest Rate Hedge ETF has a 12-month low of $37.00 and a 12-month high of $91.50.

About Simplify Interest Rate Hedge ETF

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).