Envestnet Asset Management Inc. Acquires 169,301 Shares of Simplify Hedged Equity ETF (NYSEARCA:HEQT)

Envestnet Asset Management Inc. lifted its position in shares of Simplify Hedged Equity ETF (NYSEARCA:HEQT) by 140.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 290,085 shares of the company’s stock after acquiring an additional 169,301 shares during the quarter. Envestnet Asset Management Inc. owned approximately 2.06% of Simplify Hedged Equity ETF worth $8,289,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Alpine Bank Wealth Management purchased a new position in shares of Simplify Hedged Equity ETF in the 1st quarter valued at approximately $52,940,000. LPL Financial LLC boosted its position in Simplify Hedged Equity ETF by 195.6% in the fourth quarter. LPL Financial LLC now owns 1,086,617 shares of the company’s stock worth $32,033,000 after purchasing an additional 719,048 shares during the last quarter. Keudell Morrison Wealth Management grew its stake in shares of Simplify Hedged Equity ETF by 62.5% during the 1st quarter. Keudell Morrison Wealth Management now owns 839,669 shares of the company’s stock valued at $23,994,000 after purchasing an additional 323,081 shares during the period. Farther Finance Advisors LLC bought a new stake in Simplify Hedged Equity ETF during the first quarter valued at about $4,858,000. Finally, Dynamic Advisor Solutions LLC bought a new stake in Simplify Hedged Equity ETF during the first quarter valued at about $3,328,000.

Simplify Hedged Equity ETF Price Performance

Shares of HEQT stock opened at $30.32 on Tuesday. Simplify Hedged Equity ETF has a 1 year low of $26.71 and a 1 year high of $30.53. The stock’s 50 day simple moving average is $29.75 and its two-hundred day simple moving average is $29.38. The company has a market cap of $325.33 million, a PE ratio of 25.09 and a beta of 0.42.

About Simplify Hedged Equity ETF

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.