HighTower Advisors LLC boosted its position in Simplify Hedged Equity ETF (NYSEARCA:HEQT – Free Report) by 76.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 301,468 shares of the company’s stock after purchasing an additional 130,611 shares during the quarter. HighTower Advisors LLC owned about 0.05% of Simplify Hedged Equity ETF worth $8,887,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in HEQT. Principal Securities Inc. bought a new stake in shares of Simplify Hedged Equity ETF during the 4th quarter valued at $29,000. Assetmark Inc. bought a new stake in shares of Simplify Hedged Equity ETF during the 4th quarter valued at $35,000. JPMorgan Chase & Co. lifted its position in shares of Simplify Hedged Equity ETF by 319.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,238 shares of the company’s stock valued at $94,000 after acquiring an additional 2,466 shares during the period. Bay Rivers Group bought a new stake in shares of Simplify Hedged Equity ETF during the 4th quarter valued at $383,000. Finally, Hilltop Holdings Inc. bought a new stake in shares of Simplify Hedged Equity ETF during the 3rd quarter valued at $431,000.
Simplify Hedged Equity ETF Stock Performance
NYSEARCA:HEQT opened at $28.90 on Tuesday. The stock has a fifty day moving average price of $29.79 and a 200-day moving average price of $29.46. The company has a market cap of $393.04 million, a price-to-earnings ratio of 26.33 and a beta of 0.49. Simplify Hedged Equity ETF has a fifty-two week low of $25.77 and a fifty-two week high of $30.53.
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.
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