Prevail Innovative Wealth Advisors LLC Decreases Stock Holdings in Simplify Enhanced Income ETF (NYSEARCA:HIGH)

Prevail Innovative Wealth Advisors LLC cut its stake in Simplify Enhanced Income ETF (NYSEARCA:HIGH) by 4.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 117,567 shares of the company’s stock after selling 4,929 shares during the period. Prevail Innovative Wealth Advisors LLC owned approximately 0.69% of Simplify Enhanced Income ETF worth $2,706,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. IFP Advisors Inc raised its holdings in Simplify Enhanced Income ETF by 4.7% during the fourth quarter. IFP Advisors Inc now owns 9,854 shares of the company’s stock worth $227,000 after purchasing an additional 439 shares during the last quarter. Panoramic Investment Advisors LLC boosted its position in shares of Simplify Enhanced Income ETF by 5.0% in the 4th quarter. Panoramic Investment Advisors LLC now owns 10,550 shares of the company’s stock worth $243,000 after buying an additional 500 shares in the last quarter. IHT Wealth Management LLC grew its stake in Simplify Enhanced Income ETF by 4.2% in the 3rd quarter. IHT Wealth Management LLC now owns 20,662 shares of the company’s stock valued at $484,000 after acquiring an additional 832 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in Simplify Enhanced Income ETF by 46.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 4,686 shares of the company’s stock valued at $108,000 after acquiring an additional 1,490 shares in the last quarter. Finally, Kestra Investment Management LLC acquired a new position in Simplify Enhanced Income ETF during the fourth quarter worth about $37,000.

Simplify Enhanced Income ETF Stock Down 1.3 %

Shares of NYSEARCA HIGH opened at $21.95 on Friday. The firm’s 50-day moving average is $22.79 and its two-hundred day moving average is $23.21. Simplify Enhanced Income ETF has a 12-month low of $21.65 and a 12-month high of $24.57.

Simplify Enhanced Income ETF Cuts Dividend

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

About Simplify Enhanced Income ETF

The Simplify Enhanced Income ETF (HIGH) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund seeks to provide monthly income by holding a short-term portfolio of income-producing US Treasurys and utilizing an option spread writing strategy. HIGH was launched on Oct 27, 2022 and is managed by Simplify.