Commonwealth Equity Services LLC Invests $2.47 Million in Simplify Hedged Equity ETF (NYSEARCA:HEQT)

Commonwealth Equity Services LLC bought a new position in shares of Simplify Hedged Equity ETF (NYSEARCA:HEQT) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 104,735 shares of the company’s stock, valued at approximately $2,474,000. Commonwealth Equity Services LLC owned approximately 2.54% of Simplify Hedged Equity ETF as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. ARQ Wealth Advisors LLC purchased a new stake in shares of Simplify Hedged Equity ETF during the 1st quarter worth about $511,000. Lionsbridge Wealth Management LLC lifted its stake in Simplify Hedged Equity ETF by 5.9% in the 1st quarter. Lionsbridge Wealth Management LLC now owns 33,893 shares of the company’s stock valued at $801,000 after buying an additional 1,891 shares in the last quarter. Truist Financial Corp lifted its stake in Simplify Hedged Equity ETF by 15.9% in the 1st quarter. Truist Financial Corp now owns 54,868 shares of the company’s stock valued at $1,297,000 after buying an additional 7,521 shares in the last quarter. Avantax Advisory Services Inc. lifted its stake in Simplify Hedged Equity ETF by 13.9% in the 1st quarter. Avantax Advisory Services Inc. now owns 111,307 shares of the company’s stock valued at $2,630,000 after buying an additional 13,562 shares in the last quarter. Finally, D.A. Davidson & CO. purchased a new position in Simplify Hedged Equity ETF in the 1st quarter valued at about $302,000.

Simplify Hedged Equity ETF Trading Down 0.4 %

Shares of Simplify Hedged Equity ETF stock opened at $25.07 on Thursday. The firm has a market capitalization of $109.05 million, a PE ratio of 21.66 and a beta of 0.42. Simplify Hedged Equity ETF has a twelve month low of $20.53 and a twelve month high of $27.25. The firm’s 50-day moving average price is $24.97 and its 200 day moving average price is $24.26.

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.