TMD Wealth Management LLC acquired a new stake in shares of Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX – Get Rating) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 33,744 shares of the company's stock, valued at approximately $2,416,000. Simplify Interest Rate Hedge ETF comprises approximately 1.1% of TMD Wealth Management LLC's investment portfolio, making the stock its 14th largest holding.
Several other hedge funds also recently bought and sold shares of PFIX. Jane Street Group LLC purchased a new stake in shares of Simplify Interest Rate Hedge ETF in the 2nd quarter worth about $32,429,000. Kestra Advisory Services LLC purchased a new position in shares of Simplify Interest Rate Hedge ETF in the fourth quarter valued at $9,267,000. Mirabella Financial Services LLP bought a new stake in Simplify Interest Rate Hedge ETF in the third quarter worth $108,000. Trek Financial LLC bought a new position in Simplify Interest Rate Hedge ETF during the third quarter valued at $6,211,000. Finally, Bank of Montreal Can bought a new position in Simplify Interest Rate Hedge ETF during the fourth quarter valued at $4,184,000.
Get Simplify Interest Rate Hedge ETF alerts:Simplify Interest Rate Hedge ETF Stock Up 2.2 %
NYSEARCA:PFIX traded up $1.39 during mid-day trading on Wednesday, reaching $65.22. The company's stock had a trading volume of 61,261 shares, compared to its average volume of 155,091. Simplify Interest Rate Hedge ETF has a 1 year low of $47.84 and a 1 year high of $88.51. The stock has a fifty day moving average of $63.76 and a 200-day moving average of $66.18.
About Simplify Interest Rate Hedge ETF
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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).
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Want to see what other hedge funds are holding PFIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX – Get Rating).
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