Simplify Hedged Equity ETF $HEQT Shares Newly Acquired by Financial Enhancement Group LLC

Financial Enhancement Group LLC acquired a new stake in Simplify Hedged Equity ETF (NYSEARCA:HEQT) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 129,760 shares of the company’s stock, valued at approximately $4,513,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. ARQ Wealth Advisors LLC boosted its position in Simplify Hedged Equity ETF by 10.8% during the first quarter. ARQ Wealth Advisors LLC now owns 302,463 shares of the company’s stock worth $9,528,000 after acquiring an additional 29,412 shares during the last quarter. Kovack Advisors Inc. purchased a new stake in Simplify Hedged Equity ETF in the 4th quarter worth approximately $6,298,000. Independent Wealth Advisors LLC raised its holdings in Simplify Hedged Equity ETF by 5.7% in the 1st quarter. Independent Wealth Advisors LLC now owns 185,810 shares of the company’s stock valued at $5,853,000 after acquiring an additional 10,054 shares during the last quarter. TSG Advice Partners LLC acquired a new position in Simplify Hedged Equity ETF in the 1st quarter valued at $5,848,000. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Simplify Hedged Equity ETF by 13.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 152,958 shares of the company’s stock worth $5,130,000 after purchasing an additional 17,893 shares during the period.

Simplify Hedged Equity ETF Stock Down 0.2%

Shares of HEQT stock traded down $0.08 during mid-day trading on Thursday, hitting $34.70. 20,034 shares of the company’s stock were exchanged, compared to its average volume of 72,242. Simplify Hedged Equity ETF has a fifty-two week low of $30.72 and a fifty-two week high of $34.82. The stock has a 50-day simple moving average of $34.37 and a two-hundred day simple moving average of $33.45. The stock has a market cap of $323.40 million, a price-to-earnings ratio of 25.09 and a beta of 0.47.

About Simplify Hedged Equity ETF

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. HEQT was launched on Nov 1, 2021 and is managed by Simplify.