Keudell Morrison Wealth Management Grows Stock Position in Simplify Hedged Equity ETF (NYSEARCA:HEQT)

Keudell Morrison Wealth Management raised its holdings in Simplify Hedged Equity ETF (NYSEARCA:HEQT) by 62.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 839,669 shares of the company’s stock after acquiring an additional 323,081 shares during the period. Simplify Hedged Equity ETF comprises 5.7% of Keudell Morrison Wealth Management’s holdings, making the stock its 3rd biggest holding. Keudell Morrison Wealth Management owned approximately 5.98% of Simplify Hedged Equity ETF worth $23,994,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its stake in shares of Simplify Hedged Equity ETF by 12.1% during the fourth quarter. JPMorgan Chase & Co. now owns 3,630 shares of the company’s stock valued at $107,000 after purchasing an additional 392 shares in the last quarter. Principal Securities Inc. acquired a new stake in shares of Simplify Hedged Equity ETF during the fourth quarter valued at about $29,000. Bay Rivers Group boosted its stake in shares of Simplify Hedged Equity ETF by 8.2% during the first quarter. Bay Rivers Group now owns 14,070 shares of the company’s stock valued at $402,000 after purchasing an additional 1,070 shares in the last quarter. Assetmark Inc. acquired a new stake in shares of Simplify Hedged Equity ETF during the fourth quarter valued at about $35,000. Finally, ARQ Wealth Advisors LLC boosted its stake in shares of Simplify Hedged Equity ETF by 0.9% during the fourth quarter. ARQ Wealth Advisors LLC now owns 241,981 shares of the company’s stock valued at $7,134,000 after purchasing an additional 2,272 shares in the last quarter.

Simplify Hedged Equity ETF Trading Up 0.2%

Shares of HEQT stock opened at $29.79 on Tuesday. The business’s 50-day moving average price is $29.12 and its 200-day moving average price is $29.35. Simplify Hedged Equity ETF has a 12 month low of $26.71 and a 12 month high of $30.53. The firm has a market capitalization of $330.07 million, a price-to-earnings ratio of 25.09 and a beta of 0.50.

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.