Simplify Enhanced Income ETF (NYSEARCA:HIGH) Stock Position Reduced by LPL Financial LLC

LPL Financial LLC cut its stake in shares of Simplify Enhanced Income ETF (NYSEARCA:HIGH) by 32.5% during the first quarter, HoldingsChannel.com reports. The firm owned 243,253 shares of the company’s stock after selling 117,112 shares during the period. LPL Financial LLC’s holdings in Simplify Enhanced Income ETF were worth $5,337,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. POM Investment Strategies LLC acquired a new position in shares of Simplify Enhanced Income ETF in the 1st quarter valued at $4,102,000. Beacon Capital Management LLC raised its stake in shares of Simplify Enhanced Income ETF by 56.7% in the 1st quarter. Beacon Capital Management LLC now owns 472,647 shares of the company’s stock valued at $10,370,000 after buying an additional 171,020 shares in the last quarter. Elevated Capital Advisors LLC raised its stake in shares of Simplify Enhanced Income ETF by 359.0% in the 1st quarter. Elevated Capital Advisors LLC now owns 167,504 shares of the company’s stock valued at $3,675,000 after buying an additional 131,007 shares in the last quarter. Authentikos Wealth Advisory LLC acquired a new position in shares of Simplify Enhanced Income ETF in the 1st quarter valued at $1,369,000. Finally, AE Wealth Management LLC raised its stake in shares of Simplify Enhanced Income ETF by 8.1% in the 1st quarter. AE Wealth Management LLC now owns 620,100 shares of the company’s stock valued at $13,605,000 after buying an additional 46,594 shares in the last quarter.

Simplify Enhanced Income ETF Stock Performance

Shares of HIGH stock opened at $23.46 on Wednesday. The firm has a fifty day moving average of $23.75 and a 200-day moving average of $23.37. Simplify Enhanced Income ETF has a 52-week low of $20.98 and a 52-week high of $25.15.

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.