Maridea Wealth Management LLC Makes New Investment in Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX)

Maridea Wealth Management LLC acquired a new position in shares of Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 19,157 shares of the company’s stock, valued at approximately $1,003,000. Maridea Wealth Management LLC owned about 0.63% of Simplify Interest Rate Hedge ETF at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its holdings in Simplify Interest Rate Hedge ETF by 909.1% during the 4th quarter. Farther Finance Advisors LLC now owns 555 shares of the company’s stock worth $29,000 after purchasing an additional 500 shares during the last quarter. Archer Investment Corp acquired a new position in Simplify Interest Rate Hedge ETF in the fourth quarter valued at $42,000. Mutual Advisors LLC bought a new stake in Simplify Interest Rate Hedge ETF during the fourth quarter valued at $262,000. Perigon Wealth Management LLC acquired a new stake in Simplify Interest Rate Hedge ETF during the 4th quarter worth about $399,000. Finally, HighTower Advisors LLC bought a new position in shares of Simplify Interest Rate Hedge ETF in the 4th quarter worth about $468,000.

Simplify Interest Rate Hedge ETF Price Performance

Shares of PFIX opened at $49.25 on Friday. Simplify Interest Rate Hedge ETF has a 52-week low of $37.00 and a 52-week high of $57.50. The business’s 50 day moving average price is $50.18 and its two-hundred day moving average price is $48.40.

Simplify Interest Rate Hedge ETF Dividend Announcement

The company also recently announced a dividend, which will be paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th will be given a dividend of $0.10 per share. The ex-dividend date is 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).