WealthPLAN Partners LLC Makes New Investment in Simplify Hedged Equity ETF $HEQT

WealthPLAN Partners LLC bought a new stake in Simplify Hedged Equity ETF (NYSEARCA:HEQT) during the third quarter, according to its most recent filing with the SEC. The firm bought 105,040 shares of the company’s stock, valued at approximately $3,605,000. WealthPLAN Partners LLC owned about 1.13% of Simplify Hedged Equity ETF at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of HEQT. ARQ Wealth Advisors LLC grew its position in shares of Simplify Hedged Equity ETF by 10.8% in the first quarter. ARQ Wealth Advisors LLC now owns 302,463 shares of the company’s stock valued at $9,528,000 after purchasing an additional 29,412 shares during the last quarter. Independent Wealth Advisors LLC lifted its position in shares of Simplify Hedged Equity ETF by 5.7% during the 1st quarter. Independent Wealth Advisors LLC now owns 185,810 shares of the company’s stock worth $5,853,000 after purchasing an additional 10,054 shares during the last quarter. TSG Advice Partners LLC acquired a new position in shares of Simplify Hedged Equity ETF during the 1st quarter worth about $5,848,000. Envestnet Asset Management Inc. boosted its stake in Simplify Hedged Equity ETF by 13.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 152,958 shares of the company’s stock valued at $5,130,000 after purchasing an additional 17,893 shares during the period. Finally, Financial Enhancement Group LLC boosted its stake in Simplify Hedged Equity ETF by 2.0% during the 2nd quarter. Financial Enhancement Group LLC now owns 139,291 shares of the company’s stock valued at $4,672,000 after purchasing an additional 2,731 shares during the period.

Simplify Hedged Equity ETF Trading Up 0.2%

HEQT traded up $0.08 during midday trading on Thursday, reaching $34.61. The company’s stock had a trading volume of 26,527 shares, compared to its average volume of 72,485. The stock has a market cap of $322.57 million, a P/E ratio of 25.09 and a beta of 0.47. The company has a fifty day simple moving average of $34.45 and a 200 day simple moving average of $33.57. Simplify Hedged Equity ETF has a twelve month low of $30.72 and a twelve month high of $34.84.

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.