ATX Financial Planning LLC Invests $1.44 Million in Simplify Hedged Equity ETF $HEQT

ATX Financial Planning LLC bought a new position in shares of Simplify Hedged Equity ETF (NYSEARCA:HEQT) in the 4th quarter, Holdings Channel.com reports. The firm bought 44,823 shares of the company’s stock, valued at approximately $1,437,000. Simplify Hedged Equity ETF accounts for approximately 1.1% of ATX Financial Planning LLC’s portfolio, making the stock its 26th largest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Private Advisor Group LLC lifted its holdings in Simplify Hedged Equity ETF by 466.8% in the 4th quarter. Private Advisor Group LLC now owns 1,120,557 shares of the company’s stock worth $35,914,000 after purchasing an additional 922,843 shares in the last quarter. Keudell Morrison Wealth Management bought a new stake in shares of Simplify Hedged Equity ETF during the fourth quarter valued at approximately $16,574,000. Leo Wealth LLC purchased a new position in shares of Simplify Hedged Equity ETF in the fourth quarter worth $10,625,000. Kovack Advisors Inc. purchased a new position in shares of Simplify Hedged Equity ETF in the fourth quarter worth $6,298,000. Finally, MML Investors Services LLC boosted its position in shares of Simplify Hedged Equity ETF by 39.1% during the second quarter. MML Investors Services LLC now owns 333,975 shares of the company’s stock worth $10,036,000 after acquiring an additional 93,959 shares during the last quarter.

Simplify Hedged Equity ETF Stock Performance

Shares of NYSEARCA:HEQT opened at $33.54 on Friday. The firm has a market cap of $327.01 million, a price-to-earnings ratio of 25.09 and a beta of 0.47. The firm has a fifty day moving average price of $33.04 and a 200 day moving average price of $32.42. Simplify Hedged Equity ETF has a fifty-two week low of $29.69 and a fifty-two week high of $33.64.

Simplify Hedged Equity ETF 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.