Stephens Inc. AR Has $2.63 Million Holdings in Simplify Hedged Equity ETF (NYSEARCA:HEQT)

Stephens Inc. AR boosted its position in Simplify Hedged Equity ETF (NYSEARCA:HEQT) by 172.0% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 91,884 shares of the company’s stock after acquiring an additional 58,099 shares during the quarter. Stephens Inc. AR’s holdings in Simplify Hedged Equity ETF were worth $2,626,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of HEQT. Alpine Bank Wealth Management acquired a new stake in Simplify Hedged Equity ETF in the 1st quarter worth $52,940,000. LPL Financial LLC grew its position in Simplify Hedged Equity ETF by 195.6% in the 4th quarter. LPL Financial LLC now owns 1,086,617 shares of the company’s stock worth $32,033,000 after purchasing an additional 719,048 shares during the last quarter. Keudell Morrison Wealth Management grew its position in Simplify Hedged Equity ETF by 62.5% in the 1st quarter. Keudell Morrison Wealth Management now owns 839,669 shares of the company’s stock worth $23,994,000 after purchasing an additional 323,081 shares during the last quarter. Stratos Investment Management LLC acquired a new stake in Simplify Hedged Equity ETF in the 1st quarter worth $5,634,000. Finally, Farther Finance Advisors LLC acquired a new stake in Simplify Hedged Equity ETF in the 1st quarter worth $4,858,000.

Simplify Hedged Equity ETF Price Performance

NYSEARCA HEQT opened at $30.17 on Wednesday. The firm has a market capitalization of $323.57 million, a price-to-earnings ratio of 25.09 and a beta of 0.42. The company’s fifty day moving average is $29.66 and its two-hundred day moving average is $29.36. Simplify Hedged Equity ETF has a 52-week low of $26.71 and a 52-week high of $30.53.

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.