Archer Investment Corp Purchases New Shares in Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX)

Archer Investment Corp acquired a new position in Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 802 shares of the company’s stock, valued at approximately $42,000.

Other institutional investors have also recently bought and sold shares of the company. Bank of Montreal Can bought a new position in shares of Simplify Interest Rate Hedge ETF in the third quarter worth $3,690,000. Altiora Financial Group LLC bought a new position in Simplify Interest Rate Hedge ETF in the 3rd quarter valued at about $912,000. Pekin Hardy Strauss Inc. raised its position in shares of Simplify Interest Rate Hedge ETF by 13.8% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 106,993 shares of the company’s stock valued at $4,400,000 after buying an additional 12,973 shares in the last quarter. Choreo LLC bought a new stake in shares of Simplify Interest Rate Hedge ETF during the 4th quarter worth approximately $673,000. Finally, Perigon Wealth Management LLC acquired a new stake in shares of Simplify Interest Rate Hedge ETF during the 4th quarter worth approximately $399,000.

Simplify Interest Rate Hedge ETF Stock Performance

Shares of PFIX opened at $51.15 on Friday. The firm has a 50 day simple moving average of $51.32 and a two-hundred day simple moving average of $46.86. Simplify Interest Rate Hedge ETF has a one year low of $37.00 and a one year high of $57.50.

Simplify Interest Rate Hedge ETF Profile

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).