Inspire Advisors LLC Reduces Position in Simplify Enhanced Income ETF (NYSEARCA:HIGH)

Inspire Advisors LLC trimmed its holdings in shares of Simplify Enhanced Income ETF (NYSEARCA:HIGH) by 72.0% during the fourth quarter, Holdings Channel reports. The fund owned 13,010 shares of the company’s stock after selling 33,403 shares during the quarter. Inspire Advisors LLC’s holdings in Simplify Enhanced Income ETF were worth $299,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of HIGH. Beacon Capital Management LLC purchased a new stake in shares of Simplify Enhanced Income ETF during the fourth quarter worth about $6,943,000. Wealthcare Advisory Partners LLC purchased a new stake in shares of Simplify Enhanced Income ETF during the fourth quarter worth about $2,615,000. Napa Wealth Management purchased a new stake in shares of Simplify Enhanced Income ETF during the third quarter worth about $2,090,000. Jane Street Group LLC increased its position in shares of Simplify Enhanced Income ETF by 138.3% during the third quarter. Jane Street Group LLC now owns 136,863 shares of the company’s stock worth $3,209,000 after acquiring an additional 79,440 shares during the last quarter. Finally, CreativeOne Wealth LLC increased its position in shares of Simplify Enhanced Income ETF by 435.8% during the third quarter. CreativeOne Wealth LLC now owns 78,294 shares of the company’s stock worth $1,836,000 after acquiring an additional 63,681 shares during the last quarter.

Simplify Enhanced Income ETF Stock Up 0.8 %

Shares of NYSEARCA HIGH opened at $22.12 on Thursday. Simplify Enhanced Income ETF has a 1 year low of $21.65 and a 1 year high of $24.57. The stock’s 50-day simple moving average is $23.00 and its 200-day simple moving average is $23.31.

Simplify Enhanced Income ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 25th were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, February 25th.

Simplify Enhanced Income ETF Profile

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.