49,195 Shares in Simplify Hedged Equity ETF $HEQT Bought by L.M. Kohn & Company

L.M. Kohn & Company bought a new position in Simplify Hedged Equity ETF (NYSEARCA:HEQT) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 49,195 shares of the company’s stock, valued at approximately $1,478,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HEQT. Envestnet Asset Management Inc. raised its stake in Simplify Hedged Equity ETF by 22.2% during the second quarter. Envestnet Asset Management Inc. now owns 354,510 shares of the company’s stock worth $10,653,000 after acquiring an additional 64,425 shares in the last quarter. 3EDGE Asset Management LP raised its stake in Simplify Hedged Equity ETF by 253.9% during the second quarter. 3EDGE Asset Management LP now owns 87,080 shares of the company’s stock worth $2,617,000 after acquiring an additional 62,477 shares in the last quarter. Stephens Inc. AR raised its stake in Simplify Hedged Equity ETF by 193.5% during the second quarter. Stephens Inc. AR now owns 269,709 shares of the company’s stock worth $8,105,000 after acquiring an additional 177,825 shares in the last quarter. Stratos Investment Management LLC raised its stake in Simplify Hedged Equity ETF by 47.6% during the second quarter. Stratos Investment Management LLC now owns 290,978 shares of the company’s stock worth $8,744,000 after acquiring an additional 93,830 shares in the last quarter. Finally, WealthPlan Investment Management LLC raised its stake in Simplify Hedged Equity ETF by 42.3% during the second quarter. WealthPlan Investment Management LLC now owns 658,530 shares of the company’s stock worth $19,789,000 after acquiring an additional 195,820 shares in the last quarter.

Simplify Hedged Equity ETF Price Performance

Simplify Hedged Equity ETF stock opened at $31.85 on Wednesday. The stock has a fifty day moving average price of $31.13 and a two-hundred day moving average price of $30.16. Simplify Hedged Equity ETF has a 52-week low of $27.05 and a 52-week high of $31.94. The firm has a market capitalization of $304.80 million, a P/E ratio of 25.09 and a beta of 0.48.

Simplify Hedged Equity ETF Company Profile

The Simplify Hedged Equity ETF (HEQT) is an exchange-traded fund that mostly invests in large cap equity. The fund seeks capital appreciation by investing in ETFs that track the S&P 500 Index, while employing an options collar strategy. Each collar consists of an approximately 5% to 20% out-of-the-money put-spread.