88,131 Shares in Simplify Hedged Equity ETF $HEQT Bought by Sowell Financial Services LLC

Sowell Financial Services LLC bought a new stake in shares of Simplify Hedged Equity ETF (NYSEARCA:HEQT) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 88,131 shares of the company’s stock, valued at approximately $2,753,000. Sowell Financial Services LLC owned approximately 0.91% of Simplify Hedged Equity ETF as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of HEQT. WealthPlan Investment Management LLC grew its position in shares of Simplify Hedged Equity ETF by 42.3% during the second quarter. WealthPlan Investment Management LLC now owns 658,530 shares of the company’s stock valued at $19,789,000 after purchasing an additional 195,820 shares in the last quarter. CWM LLC boosted its stake in Simplify Hedged Equity ETF by 1.7% during the third quarter. CWM LLC now owns 586,221 shares of the company’s stock valued at $18,312,000 after buying an additional 10,044 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Simplify Hedged Equity ETF by 22.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 354,510 shares of the company’s stock valued at $10,653,000 after buying an additional 64,425 shares in the last quarter. MML Investors Services LLC grew its holdings in shares of Simplify Hedged Equity ETF by 39.1% in the second quarter. MML Investors Services LLC now owns 333,975 shares of the company’s stock worth $10,036,000 after purchasing an additional 93,959 shares during the last quarter. Finally, Stratos Investment Management LLC increased its position in shares of Simplify Hedged Equity ETF by 47.6% during the second quarter. Stratos Investment Management LLC now owns 290,978 shares of the company’s stock worth $8,744,000 after acquiring an additional 93,830 shares during the period.

Simplify Hedged Equity ETF Price Performance

NYSEARCA:HEQT opened at $32.20 on Monday. The firm has a market cap of $308.15 million, a PE ratio of 25.09 and a beta of 0.48. Simplify Hedged Equity ETF has a 1-year low of $27.05 and a 1-year high of $32.30. The company has a 50-day moving average of $31.78 and a 200 day moving average of $31.03.

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. HEQT was launched on Nov 1, 2021 and is managed by Simplify.