Napa Wealth Management Acquires New Shares in Simplify High Yield PLUS Credit Hedge ETF (NYSEARCA:CDX)

Napa Wealth Management bought a new stake in Simplify High Yield PLUS Credit Hedge ETF (NYSEARCA:CDX) during the 3rd quarter, Holdings Channel reports. The fund bought 18,224 shares of the company’s stock, valued at approximately $433,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CDX. AE Wealth Management LLC bought a new stake in shares of Simplify High Yield PLUS Credit Hedge ETF in the 2nd quarter valued at about $402,000. SFG Wealth Management LLC. acquired a new position in Simplify High Yield PLUS Credit Hedge ETF during the second quarter valued at approximately $528,000. Centennial Wealth Advisory LLC bought a new stake in Simplify High Yield PLUS Credit Hedge ETF in the third quarter valued at approximately $1,156,000. Mid American Wealth Advisory Group Inc. acquired a new stake in Simplify High Yield PLUS Credit Hedge ETF in the third quarter worth $1,512,000. Finally, Commonwealth Equity Services LLC boosted its position in shares of Simplify High Yield PLUS Credit Hedge ETF by 2.8% during the second quarter. Commonwealth Equity Services LLC now owns 166,715 shares of the company’s stock worth $3,829,000 after purchasing an additional 4,487 shares in the last quarter.

Simplify High Yield PLUS Credit Hedge ETF Price Performance

Shares of CDX stock opened at $23.38 on Monday. Simplify High Yield PLUS Credit Hedge ETF has a 12-month low of $21.34 and a 12-month high of $25.59. The firm has a fifty day moving average of $23.59 and a 200-day moving average of $23.38.

Simplify High Yield PLUS Credit Hedge ETF Company 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.