Pekin Hardy Strauss Inc. Has $4.40 Million Stake in Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX)

Pekin Hardy Strauss Inc. boosted its stake in shares of Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) by 13.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 106,993 shares of the company’s stock after buying an additional 12,973 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in Simplify Interest Rate Hedge ETF were worth $4,400,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Comerica Bank grew its stake in Simplify Interest Rate Hedge ETF by 41.6% during the first quarter. Comerica Bank now owns 1,361 shares of the company’s stock worth $61,000 after purchasing an additional 400 shares during the period. Fortis Capital Advisors LLC bought a new position in shares of Simplify Interest Rate Hedge ETF during the 2nd quarter worth approximately $276,000. Sanctuary Advisors LLC acquired a new stake in shares of Simplify Interest Rate Hedge ETF during the 2nd quarter worth approximately $300,000. Fortis Group Advisors LLC increased its stake in shares of Simplify Interest Rate Hedge ETF by 7.8% in the 2nd quarter. Fortis Group Advisors LLC now owns 11,976 shares of the company’s stock valued at $573,000 after acquiring an additional 868 shares in the last quarter. Finally, Professional Financial Advisors LLC lifted its position in shares of Simplify Interest Rate Hedge ETF by 5.1% during the 3rd quarter. Professional Financial Advisors LLC now owns 15,707 shares of the company’s stock valued at $646,000 after acquiring an additional 767 shares during the period.

Simplify Interest Rate Hedge ETF Stock Performance

NYSEARCA:PFIX opened at $50.22 on Friday. Simplify Interest Rate Hedge ETF has a 12 month low of $37.00 and a 12 month high of $91.50. The firm has a fifty day simple moving average of $45.84 and a two-hundred day simple moving average of $45.54.

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).