Lionsbridge Wealth Management LLC Has $692,000 Stock Holdings in Simplify Hedged Equity ETF $HEQT

Lionsbridge Wealth Management LLC lessened its stake in shares of Simplify Hedged Equity ETF (NYSEARCA:HEQT) by 86.0% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 23,019 shares of the company’s stock after selling 141,553 shares during the quarter. Lionsbridge Wealth Management LLC’s holdings in Simplify Hedged Equity ETF were worth $692,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Morton Brown Family Wealth LLC bought a new position in Simplify Hedged Equity ETF during the first quarter worth about $37,000. Larson Financial Group LLC bought a new position in Simplify Hedged Equity ETF during the first quarter worth about $58,000. Golden State Wealth Management LLC bought a new position in Simplify Hedged Equity ETF during the first quarter worth about $147,000. Meridian Wealth Management LLC bought a new position in Simplify Hedged Equity ETF during the first quarter worth about $225,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in Simplify Hedged Equity ETF during the first quarter worth about $247,000.

Simplify Hedged Equity ETF Stock Performance

NYSEARCA:HEQT opened at $31.49 on Tuesday. Simplify Hedged Equity ETF has a 52 week low of $27.05 and a 52 week high of $31.54. The firm has a market cap of $301.36 million, a price-to-earnings ratio of 25.09 and a beta of 0.42. The firm’s 50-day simple moving average is $31.01 and its 200 day simple moving average is $29.99.

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.