WealthPLAN Partners LLC Cuts Position in Simplify Hedged Equity ETF $HEQT

WealthPLAN Partners LLC reduced its stake in shares of Simplify Hedged Equity ETF (NYSEARCA:HEQT) by 6.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 304,854 shares of the company’s stock after selling 19,704 shares during the quarter. Simplify Hedged Equity ETF comprises 1.5% of WealthPLAN Partners LLC’s portfolio, making the stock its 12th biggest holding. WealthPLAN Partners LLC’s holdings in Simplify Hedged Equity ETF were worth $9,771,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in HEQT. Keudell Morrison Wealth Management acquired a new stake in Simplify Hedged Equity ETF in the 4th quarter valued at about $16,574,000. Leo Wealth LLC acquired a new position in Simplify Hedged Equity ETF during the fourth quarter worth about $10,625,000. Kovack Advisors Inc. purchased a new stake in shares of Simplify Hedged Equity ETF in the fourth quarter valued at about $6,298,000. Ameritas Advisory Services LLC lifted its holdings in shares of Simplify Hedged Equity ETF by 79.5% in the third quarter. Ameritas Advisory Services LLC now owns 246,833 shares of the company’s stock valued at $7,710,000 after purchasing an additional 109,291 shares in the last quarter. Finally, MML Investors Services LLC grew its position in shares of Simplify Hedged Equity ETF by 39.1% in the second quarter. MML Investors Services LLC now owns 333,975 shares of the company’s stock valued at $10,036,000 after purchasing an additional 93,959 shares during the last quarter.

Simplify Hedged Equity ETF Trading Up 0.7%

Simplify Hedged Equity ETF stock opened at $33.24 on Friday. The stock has a market cap of $324.09 million, a PE ratio of 25.09 and a beta of 0.47. Simplify Hedged Equity ETF has a 52 week low of $29.50 and a 52 week high of $33.60. The stock has a 50-day moving average price of $32.83 and a 200 day moving average price of $32.36.

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