WealthPLAN Partners LLC Sells 216,291 Shares of Simplify Hedged Equity ETF $HEQT

WealthPLAN Partners LLC lessened its stake in shares of Simplify Hedged Equity ETF (NYSEARCA:HEQT) by 40.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 318,558 shares of the company’s stock after selling 216,291 shares during the period. Simplify Hedged Equity ETF comprises approximately 1.5% of WealthPLAN Partners LLC’s investment portfolio, making the stock its 13th biggest holding. WealthPLAN Partners LLC owned approximately 2.84% of Simplify Hedged Equity ETF worth $9,573,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Alpine Bank Wealth Management bought a new stake in shares of Simplify Hedged Equity ETF during the first quarter valued at approximately $52,940,000. LPL Financial LLC raised its stake in shares of Simplify Hedged Equity ETF by 10.9% during the first quarter. LPL Financial LLC now owns 1,205,268 shares of the company’s stock valued at $34,441,000 after acquiring an additional 118,651 shares in the last quarter. Keudell Morrison Wealth Management raised its stake in shares of Simplify Hedged Equity ETF by 62.5% during the first quarter. Keudell Morrison Wealth Management now owns 839,669 shares of the company’s stock valued at $23,994,000 after acquiring an additional 323,081 shares in the last quarter. Private Advisor Group LLC raised its stake in shares of Simplify Hedged Equity ETF by 17.7% during the first quarter. Private Advisor Group LLC now owns 819,883 shares of the company’s stock valued at $23,428,000 after acquiring an additional 123,200 shares in the last quarter. Finally, WealthPlan Investment Management LLC raised its stake in shares of Simplify Hedged Equity ETF by 42.3% during the second quarter. WealthPlan Investment Management LLC now owns 658,530 shares of the company’s stock valued at $19,789,000 after acquiring an additional 195,820 shares in the last quarter.

Simplify Hedged Equity ETF Stock Performance

Simplify Hedged Equity ETF stock opened at $31.28 on Thursday. The company has a 50 day moving average price of $30.97 and a 200-day moving average price of $29.91. Simplify Hedged Equity ETF has a fifty-two week low of $27.05 and a fifty-two week high of $31.51. The company has a market capitalization of $302.79 million, a PE ratio of 25.09 and a beta of 0.42.

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.