BFI Wealth Solutions LLC Acquires New Holdings in Simplify Hedged Equity ETF $HEQT

BFI Wealth Solutions LLC bought a new position in Simplify Hedged Equity ETF (NYSEARCA:HEQT) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 34,884 shares of the company’s stock, valued at approximately $1,118,000. BFI Wealth Solutions LLC owned about 0.33% of Simplify Hedged Equity ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in HEQT. Jane Street Group LLC raised its position in shares of Simplify Hedged Equity ETF by 844.9% in the second quarter. Jane Street Group LLC now owns 66,174 shares of the company’s stock valued at $1,989,000 after purchasing an additional 59,171 shares during the period. Bank of America Corp DE bought a new stake in shares of Simplify Hedged Equity ETF during the 2nd quarter worth $496,000. MML Investors Services LLC raised its holdings in Simplify Hedged Equity ETF by 39.1% in the 2nd 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 period. Smartleaf Asset Management LLC boosted its holdings in Simplify Hedged Equity ETF by 4,094.3% during the second quarter. Smartleaf Asset Management LLC now owns 16,777 shares of the company’s stock valued at $503,000 after acquiring an additional 16,377 shares during the period. Finally, Advisory Services Network LLC boosted its holdings in Simplify Hedged Equity ETF by 9.4% during the second quarter. Advisory Services Network LLC now owns 44,769 shares of the company’s stock valued at $1,363,000 after acquiring an additional 3,856 shares during the period.

Simplify Hedged Equity ETF Stock Performance

Shares of NYSEARCA:HEQT opened at $33.54 on Friday. The stock’s 50-day moving average is $33.04 and its 200-day moving average is $32.42. The company has a market cap of $327.01 million, a P/E ratio of 25.09 and a beta of 0.47. Simplify Hedged Equity ETF has a 52-week low of $29.69 and a 52-week high of $33.64.

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.