Financial Enhancement Group LLC Has $12.59 Million Stake in Simplify Hedged Equity ETF (NYSEARCA:HEQT)

Financial Enhancement Group LLC lifted its position in shares of Simplify Hedged Equity ETF (NYSEARCA:HEQT) by 1,232.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 435,918 shares of the company’s stock after acquiring an additional 403,195 shares during the period. Simplify Hedged Equity ETF makes up about 2.2% of Financial Enhancement Group LLC’s portfolio, making the stock its 11th largest holding. Financial Enhancement Group LLC owned approximately 7.39% of Simplify Hedged Equity ETF worth $12,589,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Private Advisor Group LLC lifted its holdings in shares of Simplify Hedged Equity ETF by 505.9% in the second quarter. Private Advisor Group LLC now owns 240,747 shares of the company’s stock worth $6,661,000 after acquiring an additional 201,015 shares during the last quarter. Dynamic Advisor Solutions LLC bought a new position in Simplify Hedged Equity ETF in the 2nd quarter valued at approximately $1,846,000. Lionsbridge Wealth Management LLC boosted its position in Simplify Hedged Equity ETF by 3.2% in the second quarter. Lionsbridge Wealth Management LLC now owns 96,138 shares of the company’s stock valued at $2,660,000 after buying an additional 2,981 shares in the last quarter. Norden Group LLC bought a new stake in shares of Simplify Hedged Equity ETF during the first quarter worth $501,000. Finally, CWM LLC grew its stake in shares of Simplify Hedged Equity ETF by 26.9% during the third quarter. CWM LLC now owns 470,887 shares of the company’s stock worth $13,599,000 after buying an additional 99,908 shares during the last quarter.

Simplify Hedged Equity ETF Stock Performance

Shares of NYSEARCA:HEQT opened at $29.56 on Thursday. Simplify Hedged Equity ETF has a 52-week low of $24.45 and a 52-week high of $29.59. The company has a market capitalization of $174.40 million, a PE ratio of 23.07 and a beta of 0.51. The company has a fifty day moving average of $28.76 and a 200-day moving average of $27.87.

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.