Financial Enhancement Group LLC Has $1.76 Million Stake in Simplify Hedged Equity ETF (NYSEARCA:HEQT)

Financial Enhancement Group LLC reduced its stake in shares of Simplify Hedged Equity ETF (NYSEARCA:HEQT) by 86.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 59,946 shares of the company’s stock after selling 375,972 shares during the period. Financial Enhancement Group LLC’s holdings in Simplify Hedged Equity ETF were worth $1,756,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. JPMorgan Chase & Co. grew its holdings in Simplify Hedged Equity ETF by 319.4% during the third quarter. JPMorgan Chase & Co. now owns 3,238 shares of the company’s stock worth $94,000 after buying an additional 2,466 shares in the last quarter. Hilltop Holdings Inc. purchased a new position in Simplify Hedged Equity ETF during the 3rd quarter worth $431,000. Harmony Asset Management LLC grew its stake in shares of Simplify Hedged Equity ETF by 15.3% in the 2nd quarter. Harmony Asset Management LLC now owns 58,322 shares of the company’s stock worth $1,614,000 after acquiring an additional 7,751 shares in the last quarter. Dynamic Advisor Solutions LLC raised its holdings in shares of Simplify Hedged Equity ETF by 21.2% in the third quarter. Dynamic Advisor Solutions LLC now owns 80,845 shares of the company’s stock valued at $2,335,000 after purchasing an additional 14,128 shares during the last quarter. Finally, Lionsbridge Wealth Management LLC lifted its position in shares of Simplify Hedged Equity ETF by 29.8% during the third quarter. Lionsbridge Wealth Management LLC now owns 124,830 shares of the company’s stock valued at $3,605,000 after purchasing an additional 28,692 shares in the last quarter.

Simplify Hedged Equity ETF Stock Performance

Shares of HEQT stock opened at $29.74 on Thursday. The company has a market capitalization of $175.47 million, a price-to-earnings ratio of 23.07 and a beta of 0.51. Simplify Hedged Equity ETF has a 52-week low of $25.18 and a 52-week high of $30.26. The company has a 50-day simple moving average of $29.79 and a two-hundred day simple moving average of $28.83.

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.