Simplify Hedged Equity ETF $HEQT Shares Purchased by Sound Financial Strategies Group LLC

Sound Financial Strategies Group LLC lifted its stake in Simplify Hedged Equity ETF (NYSEARCA:HEQT) by 25.1% in the 4th quarter, Holdings Channel reports. The firm owned 100,735 shares of the company’s stock after purchasing an additional 20,200 shares during the quarter. Simplify Hedged Equity ETF accounts for approximately 2.3% of Sound Financial Strategies Group LLC’s portfolio, making the stock its 9th biggest position. Sound Financial Strategies Group LLC’s holdings in Simplify Hedged Equity ETF were worth $3,229,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. CWM LLC lifted its stake in shares of Simplify Hedged Equity ETF by 3.3% in the fourth quarter. CWM LLC now owns 605,285 shares of the company’s stock valued at $19,399,000 after purchasing an additional 19,064 shares during the period. MML Investors Services LLC lifted its stake in shares of Simplify Hedged Equity ETF by 39.1% in the second quarter. MML Investors Services LLC now owns 333,975 shares of the company’s stock valued at $10,036,000 after purchasing an additional 93,959 shares during the period. Leo Wealth LLC acquired a new stake in shares of Simplify Hedged Equity ETF in the fourth quarter valued at about $10,625,000. WealthPLAN Partners LLC lifted its stake in shares of Simplify Hedged Equity ETF by 1.9% in the third quarter. WealthPLAN Partners LLC now owns 324,558 shares of the company’s stock valued at $10,138,000 after purchasing an additional 6,000 shares during the period. Finally, ARQ Wealth Advisors LLC raised its position in Simplify Hedged Equity ETF by 5.6% during the third quarter. ARQ Wealth Advisors LLC now owns 254,393 shares of the company’s stock worth $7,946,000 after acquiring an additional 13,443 shares during the last quarter.

Simplify Hedged Equity ETF Trading Up 0.2%

Shares of HEQT opened at $33.17 on Friday. The stock has a market cap of $323.41 million, a P/E ratio of 25.09 and a beta of 0.48. The company has a 50-day moving average of $32.10 and a two-hundred day moving average of $32.06. Simplify Hedged Equity ETF has a 12-month low of $28.79 and a 12-month high of $33.21.

Simplify Hedged Equity ETF Company 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.