Keudell Morrison Wealth Management Acquires 13,580 Shares of Simplify Hedged Equity ETF (NYSEARCA:HEQT)

Keudell Morrison Wealth Management lifted its holdings in Simplify Hedged Equity ETF (NYSEARCA:HEQT) by 2.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 519,326 shares of the company’s stock after buying an additional 13,580 shares during the quarter. Simplify Hedged Equity ETF makes up 4.1% of Keudell Morrison Wealth Management’s portfolio, making the stock its 6th biggest position. Keudell Morrison Wealth Management owned approximately 8.80% of Simplify Hedged Equity ETF worth $14,998,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Private Advisor Group LLC lifted its holdings in Simplify Hedged Equity ETF by 267.3% in the third quarter. Private Advisor Group LLC now owns 884,372 shares of the company’s stock worth $25,541,000 after acquiring an additional 643,625 shares during the last quarter. Financial Enhancement Group LLC raised its position in shares of Simplify Hedged Equity ETF by 1,232.1% during the 3rd quarter. Financial Enhancement Group LLC now owns 435,918 shares of the company’s stock worth $12,589,000 after purchasing an additional 403,195 shares during the period. Orion Portfolio Solutions LLC lifted its holdings in shares of Simplify Hedged Equity ETF by 209.7% in the 1st quarter. Orion Portfolio Solutions LLC now owns 541,710 shares of the company’s stock worth $14,350,000 after purchasing an additional 366,768 shares during the last quarter. Cetera Investment Advisers acquired a new position in Simplify Hedged Equity ETF during the 1st quarter valued at approximately $5,678,000. Finally, CWM LLC boosted its position in Simplify Hedged Equity ETF by 26.9% during the 3rd quarter. CWM LLC now owns 470,887 shares of the company’s stock valued at $13,599,000 after purchasing an additional 99,908 shares during the period.

Simplify Hedged Equity ETF Stock Up 0.2 %

NYSEARCA HEQT traded up $0.05 during trading hours on Thursday, hitting $29.61. The company had a trading volume of 4,089 shares, compared to its average volume of 124,068. The firm has a market cap of $174.70 million, a P/E ratio of 23.07 and a beta of 0.51. Simplify Hedged Equity ETF has a fifty-two week low of $24.45 and a fifty-two week high of $29.73. The business has a fifty day simple moving average of $28.76 and a 200-day simple moving average of $27.87.

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.