Simplify Hedged Equity ETF $HEQT Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC lessened its position in shares of Simplify Hedged Equity ETF (NYSEARCA:HEQT) by 52.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 537,227 shares of the company’s stock after selling 583,330 shares during the quarter. Private Advisor Group LLC owned about 5.51% of Simplify Hedged Equity ETF worth $16,923,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. US Bancorp DE acquired a new stake in shares of Simplify Hedged Equity ETF in the third quarter valued at approximately $42,000. Kestra Advisory Services LLC acquired a new position in shares of Simplify Hedged Equity ETF in the 4th quarter valued at $50,000. Advisors Preferred LLC acquired a new position in shares of Simplify Hedged Equity ETF in the 4th quarter valued at $112,000. JPMorgan Chase & Co. raised its position in Simplify Hedged Equity ETF by 26.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,339 shares of the company’s stock valued at $136,000 after purchasing an additional 921 shares during the last quarter. Finally, Chatterton & Associates Inc. purchased a new stake in Simplify Hedged Equity ETF in the 4th quarter valued at $222,000.

Simplify Hedged Equity ETF Price Performance

Shares of NYSEARCA:HEQT opened at $33.47 on Friday. Simplify Hedged Equity ETF has a 1-year low of $30.01 and a 1-year high of $33.64. The stock has a market cap of $313.95 million, a P/E ratio of 25.09 and a beta of 0.47. The firm has a fifty day moving average price of $33.26 and a 200 day moving average price of $32.52.

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.