Evolution Wealth Management Inc. Makes New Investment in Simplify Hedged Equity ETF $HEQT

Evolution Wealth Management Inc. purchased a new position in shares of Simplify Hedged Equity ETF (NYSEARCA:HEQT) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 57,677 shares of the company’s stock, valued at approximately $1,802,000. Simplify Hedged Equity ETF makes up 1.8% of Evolution Wealth Management Inc.’s investment portfolio, making the stock its 11th largest position. Evolution Wealth Management Inc. owned 0.60% of Simplify Hedged Equity ETF as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Brookwood Investment Group LLC acquired a new position in Simplify Hedged Equity ETF in the third quarter worth approximately $305,000. Sowell Financial Services LLC bought a new stake in Simplify Hedged Equity ETF in the third quarter worth approximately $2,753,000. CWM LLC grew its position in Simplify Hedged Equity ETF by 1.7% in the third quarter. CWM LLC now owns 586,221 shares of the company’s stock worth $18,312,000 after acquiring an additional 10,044 shares in the last quarter. DAVENPORT & Co LLC acquired a new position in shares of Simplify Hedged Equity ETF during the 3rd quarter worth $251,000. Finally, Financial Enhancement Group LLC raised its holdings in shares of Simplify Hedged Equity ETF by 5.9% during the 3rd quarter. Financial Enhancement Group LLC now owns 129,925 shares of the company’s stock valued at $4,076,000 after purchasing an additional 7,216 shares in the last quarter.

Simplify Hedged Equity ETF Trading Down 0.1%

HEQT stock opened at $32.26 on Friday. The firm has a market cap of $332.92 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 $32.42. The company has a fifty day simple moving average of $31.87 and a 200 day simple moving average of $31.16.

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.