Belpointe Asset Management LLC Purchases New Shares in Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX)

Belpointe Asset Management LLC acquired a new position in Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,470 shares of the company’s stock, valued at approximately $339,000. Belpointe Asset Management LLC owned approximately 0.21% of Simplify Interest Rate Hedge ETF at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PFIX. Fortis Capital Advisors LLC bought a new position in shares of Simplify Interest Rate Hedge ETF in the 4th quarter worth about $339,000. Envestnet Asset Management Inc. purchased a new stake in Simplify Interest Rate Hedge ETF in the fourth quarter worth about $3,060,000. Thomas J. Herzfeld Advisors Inc. bought a new position in shares of Simplify Interest Rate Hedge ETF during the fourth quarter valued at approximately $2,785,000. Maridea Wealth Management LLC purchased a new position in shares of Simplify Interest Rate Hedge ETF during the fourth quarter valued at approximately $1,003,000. Finally, Commonwealth Equity Services LLC boosted its position in shares of Simplify Interest Rate Hedge ETF by 9.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 80,495 shares of the company’s stock worth $4,213,000 after purchasing an additional 7,217 shares in the last quarter.

Simplify Interest Rate Hedge ETF Trading Down 3.3 %

Shares of NYSEARCA:PFIX opened at $53.11 on Thursday. The stock has a fifty day simple moving average of $49.94 and a two-hundred day simple moving average of $49.58. Simplify Interest Rate Hedge ETF has a 12-month low of $37.00 and a 12-month high of $57.50.

Simplify Interest Rate Hedge ETF Dividend Announcement

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

Simplify Interest Rate Hedge ETF 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).