Private Advisor Group LLC Sells 60,800 Shares of Simplify Hedged Equity ETF $HEQT

Private Advisor Group LLC trimmed its stake in shares of Simplify Hedged Equity ETF (NYSEARCA:HEQT) by 23.5% during the third quarter, Holdings Channel.com reports. The firm owned 197,714 shares of the company’s stock after selling 60,800 shares during the period. Private Advisor Group LLC’s holdings in Simplify Hedged Equity ETF were worth $6,176,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Meridian Wealth Management LLC increased its holdings in shares of Simplify Hedged Equity ETF by 1,413.1% in the second quarter. Meridian Wealth Management LLC now owns 119,112 shares of the company’s stock valued at $3,579,000 after purchasing an additional 111,240 shares in the last quarter. Ameritas Advisory Services LLC lifted its holdings in Simplify Hedged Equity ETF by 79.5% during the 3rd quarter. Ameritas Advisory Services LLC now owns 246,833 shares of the company’s stock worth $7,710,000 after buying an additional 109,291 shares in the last quarter. MML Investors Services LLC lifted its holdings in Simplify Hedged Equity ETF by 39.1% during the 2nd quarter. MML Investors Services LLC now owns 333,975 shares of the company’s stock worth $10,036,000 after buying an additional 93,959 shares in the last quarter. Sowell Financial Services LLC bought a new position in Simplify Hedged Equity ETF in the 3rd quarter valued at $2,753,000. Finally, Sound Financial Strategies Group LLC bought a new position in Simplify Hedged Equity ETF in the 3rd quarter valued at $2,516,000.

Simplify Hedged Equity ETF Stock Performance

NYSEARCA HEQT opened at $31.78 on Friday. The stock has a market capitalization of $336.87 million, a P/E ratio of 25.09 and a beta of 0.48. Simplify Hedged Equity ETF has a 52 week low of $27.05 and a 52 week high of $32.78. The stock has a fifty day moving average of $32.34 and a 200-day moving average of $31.79.

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.