Simplify Hedged Equity ETF $HEQT Shares Purchased by ARQ Wealth Advisors LLC

ARQ Wealth Advisors LLC lifted its position in Simplify Hedged Equity ETF (NYSEARCA:HEQT) by 10.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 302,463 shares of the company’s stock after buying an additional 29,412 shares during the quarter. Simplify Hedged Equity ETF makes up 1.7% of ARQ Wealth Advisors LLC’s investment portfolio, making the stock its 17th largest holding. ARQ Wealth Advisors LLC’s holdings in Simplify Hedged Equity ETF were worth $9,528,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of HEQT. US Bancorp DE acquired a new stake in Simplify Hedged Equity ETF in the third quarter valued at approximately $42,000. Kestra Advisory Services LLC acquired a new stake in shares of Simplify Hedged Equity ETF in the 4th quarter valued at $50,000. Advisors Preferred LLC purchased a new stake in shares of Simplify Hedged Equity ETF during the 4th quarter worth $112,000. JPMorgan Chase & Co. lifted its position in shares of Simplify Hedged Equity ETF by 26.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,339 shares of the company’s stock worth $136,000 after purchasing an additional 921 shares during the last quarter. Finally, Chatterton & Associates Inc. acquired a new position in shares of Simplify Hedged Equity ETF during the fourth quarter worth $222,000.

Simplify Hedged Equity ETF Trading Up 0.3%

NYSEARCA:HEQT traded up $0.11 during trading hours on Friday, hitting $33.77. The company’s stock had a trading volume of 22,842 shares, compared to its average volume of 79,484. The stock has a market capitalization of $300.55 million, a P/E ratio of 25.09 and a beta of 0.47. The stock has a fifty day moving average of $33.35 and a 200-day moving average of $32.58. Simplify Hedged Equity ETF has a 52-week low of $30.14 and a 52-week high of $33.77.

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.