WealthPlan Investment Management LLC reduced its holdings in Simplify Hedged Equity ETF (NYSEARCA:HEQT – Free Report) by 14.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 558,393 shares of the company’s stock after selling 95,534 shares during the quarter. Simplify Hedged Equity ETF comprises 1.1% of WealthPlan Investment Management LLC’s investment portfolio, making the stock its 17th largest position. WealthPlan Investment Management LLC owned approximately 0.05% of Simplify Hedged Equity ETF worth $17,896,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. US Bancorp DE purchased a new position in shares of Simplify Hedged Equity ETF in the 3rd quarter valued at approximately $42,000. Advisors Preferred LLC purchased a new position in shares of Simplify Hedged Equity ETF in the 4th quarter valued at approximately $112,000. JPMorgan Chase & Co. lifted its stake in shares of Simplify Hedged Equity ETF by 26.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,339 shares of the company’s stock valued at $136,000 after purchasing an additional 921 shares during the period. Chatterton & Associates Inc. purchased a new position in shares of Simplify Hedged Equity ETF in the 4th quarter valued at approximately $222,000. Finally, Plan Group Financial LLC purchased a new position in shares of Simplify Hedged Equity ETF in the 4th quarter valued at approximately $251,000.
Simplify Hedged Equity ETF Stock Down 0.5%
HEQT opened at $33.13 on Friday. The stock has a market cap of $323.02 million, a PE ratio of 25.09 and a beta of 0.48. The business has a 50 day moving average of $32.19 and a 200-day moving average of $32.12. Simplify Hedged Equity ETF has a 52 week low of $28.95 and a 52 week high of $33.46.
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. HEQT was launched on Nov 1, 2021 and is managed by Simplify.
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