Partners Wealth Management LLC purchased a new stake in shares of Simplify Hedged Equity ETF (NYSEARCA:HEQT – Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 16,348 shares of the company’s stock, valued at approximately $561,000. Partners Wealth Management LLC owned 0.18% of Simplify Hedged Equity ETF as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC acquired a new position in shares of Simplify Hedged Equity ETF in the second quarter worth $197,000. Middleton & Co. Inc. MA bought a new stake in shares of Simplify Hedged Equity ETF in the third quarter valued at approximately $367,000. Royal Bank of Canada increased its holdings in shares of Simplify Hedged Equity ETF by 33.5% during the 1st quarter. Royal Bank of Canada now owns 10,850 shares of the company’s stock worth $342,000 after purchasing an additional 2,725 shares during the period. Diversify Wealth Management LLC acquired a new stake in shares of Simplify Hedged Equity ETF during the 1st quarter worth approximately $371,000. Finally, Ballast Rock Private Wealth LLC bought a new stake in shares of Simplify Hedged Equity ETF in the 3rd quarter valued at approximately $500,000.
Simplify Hedged Equity ETF Stock Down 1.3%
Simplify Hedged Equity ETF stock opened at $34.19 on Friday. Simplify Hedged Equity ETF has a 12-month low of $30.72 and a 12-month high of $34.98. The stock has a 50-day simple moving average of $34.46 and a 200 day simple moving average of $33.28. The stock has a market capitalization of $312.84 million, a price-to-earnings ratio of 25.09 and a beta of 0.47.
About Simplify Hedged Equity ETF
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. HEQT was launched on Nov 1, 2021 and is managed by Simplify.
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