Pekin Hardy Strauss Inc. Has $5.64 Million Position in Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX)

Pekin Hardy Strauss Inc. raised its holdings in Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 107,705 shares of the company’s stock after buying an additional 712 shares during the period. Pekin Hardy Strauss Inc. owned 3.55% of Simplify Interest Rate Hedge ETF worth $5,637,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of PFIX. Archer Investment Corp acquired a new position in shares of Simplify Interest Rate Hedge ETF during the 4th quarter worth about $42,000. Mutual Advisors LLC acquired a new position in shares of Simplify Interest Rate Hedge ETF during the 4th quarter worth about $262,000. Perigon Wealth Management LLC acquired a new position in shares of Simplify Interest Rate Hedge ETF during the 4th quarter worth about $399,000. Hilltop Holdings Inc. increased its stake in shares of Simplify Interest Rate Hedge ETF by 1.8% during the 3rd quarter. Hilltop Holdings Inc. now owns 15,355 shares of the company’s stock worth $631,000 after purchasing an additional 266 shares during the last quarter. Finally, Choreo LLC acquired a new position in shares of Simplify Interest Rate Hedge ETF during the 4th quarter worth about $673,000.

Simplify Interest Rate Hedge ETF Stock Performance

Simplify Interest Rate Hedge ETF stock opened at $50.06 on Friday. The company’s 50-day moving average is $52.62 and its 200-day moving average is $47.31. Simplify Interest Rate Hedge ETF has a fifty-two week low of $37.00 and a fifty-two week high of $57.50.

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).