UBS Group AG Has $3.61 Million Stock Position in Simplify Hedged Equity ETF $HEQT

UBS Group AG lowered its position in shares of Simplify Hedged Equity ETF (NYSEARCA:HEQT) by 45.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 112,724 shares of the company’s stock after selling 92,680 shares during the period. UBS Group AG’s holdings in Simplify Hedged Equity ETF were worth $3,613,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Western Wealth Management LLC lifted its holdings in shares of Simplify Hedged Equity ETF by 5.9% during the third quarter. Western Wealth Management LLC now owns 12,826 shares of the company’s stock worth $401,000 after buying an additional 719 shares in the last quarter. Hilltop Holdings Inc. lifted its holdings in shares of Simplify Hedged Equity ETF by 5.7% during the third quarter. Hilltop Holdings Inc. now owns 15,722 shares of the company’s stock worth $491,000 after buying an additional 851 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Simplify Hedged Equity ETF by 26.9% during the third quarter. JPMorgan Chase & Co. now owns 4,339 shares of the company’s stock worth $136,000 after buying an additional 921 shares in the last quarter. Cambridge Advisors Inc. lifted its holdings in shares of Simplify Hedged Equity ETF by 3.1% during the fourth quarter. Cambridge Advisors Inc. now owns 32,539 shares of the company’s stock worth $1,043,000 after buying an additional 974 shares in the last quarter. Finally, Brookwood Investment Group LLC lifted its holdings in shares of Simplify Hedged Equity ETF by 12.6% during the fourth quarter. Brookwood Investment Group LLC now owns 10,989 shares of the company’s stock worth $352,000 after buying an additional 1,234 shares in the last quarter.

Simplify Hedged Equity ETF Stock Performance

HEQT opened at $33.28 on Friday. Simplify Hedged Equity ETF has a fifty-two week low of $28.95 and a fifty-two week high of $33.46. The company has a market capitalization of $324.48 million, a P/E ratio of 25.09 and a beta of 0.48. The stock has a fifty day moving average of $32.29 and a 200-day moving average of $32.17.

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.