Blue Jean Financial LLC Invests $507,000 in Simplify Hedged Equity ETF $HEQT

Blue Jean Financial LLC bought a new position in Simplify Hedged Equity ETF (NYSEARCA:HEQT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,832 shares of the company’s stock, valued at approximately $507,000. Blue Jean Financial LLC owned about 0.15% of Simplify Hedged Equity ETF as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Leo Wealth LLC purchased a new stake in shares of Simplify Hedged Equity ETF in the fourth quarter worth about $10,625,000. CreativeOne Wealth LLC boosted its stake in shares of Simplify Hedged Equity ETF by 337.5% in the third quarter. CreativeOne Wealth LLC now owns 35,280 shares of the company’s stock worth $1,102,000 after buying an additional 27,216 shares during the last quarter. Sound Financial Strategies Group LLC boosted its stake in shares of Simplify Hedged Equity ETF by 25.1% in the fourth quarter. Sound Financial Strategies Group LLC now owns 100,735 shares of the company’s stock worth $3,229,000 after buying an additional 20,200 shares during the last quarter. Parallel Advisors LLC purchased a new stake in shares of Simplify Hedged Equity ETF in the third quarter worth about $2,343,000. Finally, CWM LLC boosted 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 worth $19,399,000 after buying an additional 19,064 shares during the last quarter.

Simplify Hedged Equity ETF Stock Up 0.2%

Shares of HEQT opened at $33.32 on Friday. Simplify Hedged Equity ETF has a 52 week low of $29.50 and a 52 week high of $33.60. The company has a market capitalization of $324.87 million, a price-to-earnings ratio of 25.09 and a beta of 0.47. The stock’s 50-day moving average price is $32.86 and its 200-day moving average price is $32.36.

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.