Simplify Hedged Equity ETF (NYSEARCA:HEQT) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its holdings in Simplify Hedged Equity ETF (NYSEARCA:HEQT) by 140.2% in the first quarter, according to the company in its most recent disclosure 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 2.06% of Simplify Hedged Equity ETF worth $8,289,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Morton Brown Family Wealth LLC purchased a new stake in Simplify Hedged Equity ETF during the 1st quarter worth about $37,000. JPMorgan Chase & Co. increased its position in Simplify Hedged Equity ETF by 12.1% during the 4th quarter. JPMorgan Chase & Co. now owns 3,630 shares of the company’s stock worth $107,000 after purchasing an additional 392 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in Simplify Hedged Equity ETF during the 1st quarter worth about $147,000. Betterment LLC purchased a new stake in Simplify Hedged Equity ETF in the 4th quarter valued at about $230,000. Finally, Western Wealth Management LLC purchased a new stake in Simplify Hedged Equity ETF in the 1st quarter valued at about $312,000.

Simplify Hedged Equity ETF Stock Performance

Simplify Hedged Equity ETF stock opened at $30.32 on Tuesday. The stock’s 50 day moving average price is $29.75 and its 200 day moving average price is $29.38. The firm has a market capitalization of $325.33 million, a PE ratio of 25.09 and a beta of 0.42. Simplify Hedged Equity ETF has a one year low of $26.71 and a one year high of $30.53.

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.