Stegent Equity Advisors Inc. Reduces Stake in Simplify Enhanced Income ETF $HIGH

Stegent Equity Advisors Inc. reduced its stake in Simplify Enhanced Income ETF (NYSEARCA:HIGH) by 3.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 95,733 shares of the company’s stock after selling 3,344 shares during the quarter. Simplify Enhanced Income ETF makes up approximately 2.1% of Stegent Equity Advisors Inc.’s investment portfolio, making the stock its 15th largest position. Stegent Equity Advisors Inc. owned about 1.20% of Simplify Enhanced Income ETF worth $2,320,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. AE Wealth Management LLC grew its holdings in shares of Simplify Enhanced Income ETF by 8.1% during the 1st quarter. AE Wealth Management LLC now owns 620,100 shares of the company’s stock worth $13,605,000 after purchasing an additional 46,594 shares during the period. WealthPlan Investment Management LLC grew its holdings in shares of Simplify Enhanced Income ETF by 14.4% during the 2nd quarter. WealthPlan Investment Management LLC now owns 556,049 shares of the company’s stock worth $13,473,000 after purchasing an additional 69,807 shares during the period. Beacon Capital Management LLC grew its holdings in shares of Simplify Enhanced Income ETF by 15.0% during the 2nd quarter. Beacon Capital Management LLC now owns 543,354 shares of the company’s stock worth $13,165,000 after purchasing an additional 70,707 shares during the period. POM Investment Strategies LLC purchased a new position in shares of Simplify Enhanced Income ETF during the 1st quarter worth $4,102,000. Finally, Elevated Capital Advisors LLC grew its holdings in shares of Simplify Enhanced Income ETF by 359.0% during the 1st quarter. Elevated Capital Advisors LLC now owns 167,504 shares of the company’s stock worth $3,675,000 after purchasing an additional 131,007 shares during the period.

Simplify Enhanced Income ETF Trading Up 0.6%

NYSEARCA HIGH opened at $23.25 on Friday. Simplify Enhanced Income ETF has a twelve month low of $20.98 and a twelve month high of $25.15. The stock has a fifty day simple moving average of $23.18 and a 200-day simple moving average of $23.60.

Simplify Enhanced Income ETF Profile

The Simplify Enhanced Income ETF (HIGH) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund seeks to provide monthly income by holding a short-term portfolio of income-producing US Treasurys and utilizing an option spread writing strategy. HIGH was launched on Oct 27, 2022 and is managed by Simplify.