Advisors Preferred LLC Buys Shares of 18,272 Simplify Hedged Equity ETF (NYSEARCA:HEQT)

Advisors Preferred LLC bought a new stake in shares of Simplify Hedged Equity ETF (NYSEARCA:HEQT) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 18,272 shares of the company’s stock, valued at approximately $523,000.

Other institutional investors have also bought and sold shares of the company. Morton Brown Family Wealth LLC purchased a new position in Simplify Hedged Equity ETF in the 1st quarter worth about $37,000. Larson Financial Group LLC purchased a new position in shares of Simplify Hedged Equity ETF in the first quarter worth approximately $58,000. JPMorgan Chase & Co. raised its holdings in shares of Simplify Hedged Equity ETF by 12.1% during the fourth quarter. JPMorgan Chase & Co. now owns 3,630 shares of the company’s stock valued at $107,000 after acquiring an additional 392 shares during the period. Golden State Wealth Management LLC purchased a new stake in shares of Simplify Hedged Equity ETF in the 1st quarter valued at approximately $147,000. Finally, Betterment LLC acquired a new position in Simplify Hedged Equity ETF in the 4th quarter worth approximately $230,000.

Simplify Hedged Equity ETF Price Performance

Simplify Hedged Equity ETF stock opened at $30.40 on Thursday. The company has a market capitalization of $326.19 million, a price-to-earnings ratio of 25.09 and a beta of 0.42. The company’s fifty day moving average price is $29.81 and its two-hundred day moving average price is $29.40. Simplify Hedged Equity ETF has a one year low of $26.71 and a one year high of $30.53.

Simplify Hedged Equity ETF 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.