Thomas J. Herzfeld Advisors Inc. Invests $2.79 Million in Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX)

Thomas J. Herzfeld Advisors Inc. purchased a new stake in Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 53,202 shares of the company’s stock, valued at approximately $2,785,000. Thomas J. Herzfeld Advisors Inc. owned about 1.76% of Simplify Interest Rate Hedge ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hilltop Holdings Inc. boosted its stake in shares of Simplify Interest Rate Hedge ETF by 1.8% in the 3rd quarter. Hilltop Holdings Inc. now owns 15,355 shares of the company’s stock valued at $631,000 after purchasing an additional 266 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Simplify Interest Rate Hedge ETF by 909.1% in the fourth quarter. Farther Finance Advisors LLC now owns 555 shares of the company’s stock valued at $29,000 after buying an additional 500 shares during the period. Professional Financial Advisors LLC boosted its stake in Simplify Interest Rate Hedge ETF by 4.3% in the fourth quarter. Professional Financial Advisors LLC now owns 16,387 shares of the company’s stock valued at $858,000 after acquiring an additional 680 shares during the last quarter. Pekin Hardy Strauss Inc. grew its holdings in Simplify Interest Rate Hedge ETF by 0.7% during the 4th quarter. Pekin Hardy Strauss Inc. now owns 107,705 shares of the company’s stock worth $5,637,000 after acquiring an additional 712 shares during the period. Finally, Archer Investment Corp bought a new stake in shares of Simplify Interest Rate Hedge ETF during the 4th quarter valued at $42,000.

Simplify Interest Rate Hedge ETF Stock Performance

NYSEARCA:PFIX opened at $48.46 on Tuesday. Simplify Interest Rate Hedge ETF has a 12-month low of $37.00 and a 12-month high of $57.50. The stock’s fifty day simple moving average is $50.08 and its 200-day simple moving average is $48.61.

Simplify Interest Rate Hedge ETF Announces Dividend

The company also recently declared a dividend, which was paid on Monday, March 31st. Investors of record on Wednesday, March 26th were given a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, March 26th.

Simplify Interest Rate Hedge ETF Company Profile

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).