ARQ Wealth Advisors LLC Grows Stake in Simplify Hedged Equity ETF $HEQT

ARQ Wealth Advisors LLC boosted its position in shares of Simplify Hedged Equity ETF (NYSEARCA:HEQT) by 10.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 302,463 shares of the company’s stock after buying an additional 29,412 shares during the period. Simplify Hedged Equity ETF accounts for about 1.7% of ARQ Wealth Advisors LLC’s portfolio, making the stock its 17th largest holding. ARQ Wealth Advisors LLC owned 3.10% of Simplify Hedged Equity ETF worth $9,528,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in HEQT. Hilltop Holdings Inc. increased its position in shares of Simplify Hedged Equity ETF by 5.7% during the third quarter. Hilltop Holdings Inc. now owns 15,722 shares of the company’s stock worth $491,000 after purchasing an additional 851 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Simplify Hedged Equity ETF by 26.9% in the third quarter. JPMorgan Chase & Co. now owns 4,339 shares of the company’s stock valued at $136,000 after buying an additional 921 shares during the last quarter. Cambridge Advisors Inc. boosted its holdings in shares of Simplify Hedged Equity ETF by 3.1% during the 4th quarter. Cambridge Advisors Inc. now owns 32,539 shares of the company’s stock worth $1,043,000 after purchasing an additional 974 shares during the last quarter. Betterment LLC grew its holdings in Simplify Hedged Equity ETF by 12.1% in the 4th quarter. Betterment LLC now owns 9,316 shares of the company’s stock valued at $299,000 after buying an additional 1,007 shares in the last quarter. Finally, Brookwood Investment Group LLC raised its holdings in shares of Simplify Hedged Equity ETF by 12.6% during the 4th quarter. Brookwood Investment Group LLC now owns 10,989 shares of the company’s stock worth $352,000 after acquiring an additional 1,234 shares during the period.

Simplify Hedged Equity ETF Stock Up 0.3%

Shares of Simplify Hedged Equity ETF stock traded up $0.11 during mid-day trading on Friday, hitting $33.77. The stock had a trading volume of 22,842 shares, compared to its average volume of 79,484. The firm has a 50-day moving average of $33.35 and a two-hundred day moving average of $32.58. The firm has a market cap of $300.55 million, a P/E ratio of 25.09 and a beta of 0.47. Simplify Hedged Equity ETF has a 12-month low of $30.14 and a 12-month high of $33.77.

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.