Cwm LLC Has $17.31 Million Stake in Simplify Hedged Equity ETF $HEQT

Cwm LLC raised its position in Simplify Hedged Equity ETF (NYSEARCA:HEQT) by 6.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 576,177 shares of the company’s stock after purchasing an additional 35,965 shares during the quarter. Cwm LLC owned 5.33% of Simplify Hedged Equity ETF worth $17,314,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of HEQT. Golden State Wealth Management LLC acquired a new stake in shares of Simplify Hedged Equity ETF in the first quarter valued at about $147,000. Envestnet Asset Management Inc. increased its position in shares of Simplify Hedged Equity ETF by 140.2% in the first quarter. Envestnet Asset Management Inc. now owns 290,085 shares of the company’s stock valued at $8,289,000 after acquiring an additional 169,301 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Simplify Hedged Equity ETF by 11.0% in the first quarter. Cetera Investment Advisers now owns 25,505 shares of the company’s stock valued at $729,000 after acquiring an additional 2,523 shares during the last quarter. Bay Rivers Group increased its position in shares of Simplify Hedged Equity ETF by 2.8% in the second quarter. Bay Rivers Group now owns 14,469 shares of the company’s stock valued at $435,000 after acquiring an additional 399 shares during the last quarter. Finally, Private Advisor Group LLC increased its position in shares of Simplify Hedged Equity ETF by 17.7% in the first quarter. Private Advisor Group LLC now owns 819,883 shares of the company’s stock valued at $23,428,000 after acquiring an additional 123,200 shares during the last quarter.

Simplify Hedged Equity ETF Stock Performance

NYSEARCA:HEQT opened at $31.24 on Tuesday. The stock’s 50-day simple moving average is $30.94 and its 200 day simple moving average is $29.89. The company has a market cap of $303.97 million, a P/E ratio of 25.09 and a beta of 0.42. Simplify Hedged Equity ETF has a 52-week low of $27.05 and a 52-week high of $31.51.

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.