Bay Rivers Group Buys New Stake in Simplify Hedged Equity ETF (NYSEARCA:HEQT)

Bay Rivers Group purchased a new stake in Simplify Hedged Equity ETF (NYSEARCA:HEQT) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 13,000 shares of the company’s stock, valued at approximately $383,000.

Several other large investors also recently bought and sold shares of HEQT. Peterson Wealth Advisors LLC increased its position in shares of Simplify Hedged Equity ETF by 42.4% during the fourth quarter. Peterson Wealth Advisors LLC now owns 53,619 shares of the company’s stock worth $1,594,000 after purchasing an additional 15,956 shares in the last quarter. Lionsbridge Wealth Management LLC grew its stake in Simplify Hedged Equity ETF by 40.8% during the 4th quarter. Lionsbridge Wealth Management LLC now owns 175,711 shares of the company’s stock worth $5,180,000 after buying an additional 50,881 shares during the last quarter. Ameritas Advisory Services LLC increased its position in Simplify Hedged Equity ETF by 27.9% during the fourth quarter. Ameritas Advisory Services LLC now owns 415,541 shares of the company’s stock worth $12,250,000 after buying an additional 90,549 shares during the period. JPMorgan Chase & Co. lifted its stake in Simplify Hedged Equity ETF by 319.4% in the third quarter. JPMorgan Chase & Co. now owns 3,238 shares of the company’s stock valued at $94,000 after buying an additional 2,466 shares during the last quarter. Finally, Harmony Asset Management LLC boosted its holdings in shares of Simplify Hedged Equity ETF by 31.9% in the third quarter. Harmony Asset Management LLC now owns 76,927 shares of the company’s stock valued at $2,222,000 after acquiring an additional 18,605 shares during the period.

Simplify Hedged Equity ETF Trading Down 1.0 %

Shares of HEQT opened at $29.94 on Tuesday. The company’s 50 day simple moving average is $29.86 and its 200-day simple moving average is $28.96. The firm has a market cap of $176.65 million, a PE ratio of 23.07 and a beta of 0.51. Simplify Hedged Equity ETF has a 12-month low of $25.46 and a 12-month high of $30.33.

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.