Stephens Inc. AR decreased its stake in shares of Simplify Hedged Equity ETF (NYSEARCA:HEQT – Free Report) by 82.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,310 shares of the company’s stock after selling 170,899 shares during the period. Stephens Inc. AR’s holdings in Simplify Hedged Equity ETF were worth $1,175,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the stock. Private Advisor Group LLC lifted its stake in Simplify Hedged Equity ETF by 466.8% during the 4th quarter. Private Advisor Group LLC now owns 1,120,557 shares of the company’s stock valued at $35,914,000 after acquiring an additional 922,843 shares in the last quarter. Keudell Morrison Wealth Management purchased a new position in Simplify Hedged Equity ETF during the 4th quarter worth $16,574,000. Leo Wealth LLC bought a new stake in shares of Simplify Hedged Equity ETF in the 4th quarter worth $10,625,000. Kovack Advisors Inc. bought a new stake in shares of Simplify Hedged Equity ETF in the 4th quarter worth $6,298,000. Finally, TSG Advice Partners LLC purchased a new stake in shares of Simplify Hedged Equity ETF in the first quarter valued at about $5,848,000.
Simplify Hedged Equity ETF Trading Up 0.3%
Shares of HEQT traded up $0.11 during trading hours on Friday, reaching $33.77. 22,842 shares of the stock traded hands, compared to its average volume of 79,484. The stock has a fifty day simple moving average of $33.35 and a 200 day simple moving average of $32.58. Simplify Hedged Equity ETF has a 52 week low of $30.14 and a 52 week high of $33.77. The company has a market cap of $300.55 million, a price-to-earnings ratio of 25.09 and a beta of 0.47.
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. HEQT was launched on Nov 1, 2021 and is managed by Simplify.
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