Keudell Morrison Wealth Management Sells 2,738 Shares of Simplify Hedged Equity ETF (NYSEARCA:HEQT)

Keudell Morrison Wealth Management lessened its position in Simplify Hedged Equity ETF (NYSEARCA:HEQT) by 0.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 516,588 shares of the company’s stock after selling 2,738 shares during the period. Simplify Hedged Equity ETF comprises about 4.0% of Keudell Morrison Wealth Management’s portfolio, making the stock its 6th biggest holding. Keudell Morrison Wealth Management owned 0.09% of Simplify Hedged Equity ETF worth $15,229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of HEQT. Private Advisor Group LLC increased its position in Simplify Hedged Equity ETF by 267.3% during 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 period. WealthPLAN Partners LLC grew its position in Simplify Hedged Equity ETF by 3.4% during the third quarter. WealthPLAN Partners LLC now owns 564,333 shares of the company’s stock worth $16,298,000 after buying an additional 18,748 shares in the last quarter. CWM LLC increased its stake in Simplify Hedged Equity ETF by 26.9% during the 3rd quarter. CWM LLC now owns 470,887 shares of the company’s stock worth $13,599,000 after acquiring an additional 99,908 shares during the period. Financial Enhancement Group LLC raised its holdings in Simplify Hedged Equity ETF by 1,232.1% in the 3rd quarter. Financial Enhancement Group LLC now owns 435,918 shares of the company’s stock valued at $12,589,000 after acquiring an additional 403,195 shares in the last quarter. Finally, Ameritas Advisory Services LLC lifted its position in shares of Simplify Hedged Equity ETF by 27.9% during the 4th quarter. Ameritas Advisory Services LLC now owns 415,541 shares of the company’s stock valued at $12,250,000 after acquiring an additional 90,549 shares during the period.

Simplify Hedged Equity ETF Stock Up 0.4 %

HEQT stock opened at $30.17 on Friday. Simplify Hedged Equity ETF has a 52 week low of $25.46 and a 52 week high of $30.33. The business has a 50-day simple moving average of $29.88 and a 200 day simple moving average of $28.99. The company has a market cap of $178.00 million, a PE ratio of 23.07 and a beta of 0.51.

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.