Simplify Hedged Equity ETF $HEQT Position Lowered by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC reduced its position in Simplify Hedged Equity ETF (NYSEARCA:HEQT) by 17.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 96,711 shares of the company’s stock after selling 19,897 shares during the quarter. Dynamic Advisor Solutions LLC owned approximately 0.94% of Simplify Hedged Equity ETF worth $3,100,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. US Bancorp DE acquired a new position in Simplify Hedged Equity ETF in the third quarter worth $42,000. CGC Financial Services LLC acquired a new stake in shares of Simplify Hedged Equity ETF during the third quarter worth $97,000. JPMorgan Chase & Co. lifted its position in shares of Simplify Hedged Equity ETF by 26.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,339 shares of the company’s stock worth $136,000 after buying an additional 921 shares during the last quarter. DAVENPORT & Co LLC bought a new position in shares of Simplify Hedged Equity ETF in the 3rd quarter worth about $251,000. Finally, CreativeOne Wealth LLC acquired a new position in shares of Simplify Hedged Equity ETF in the 2nd quarter valued at about $242,000.

Simplify Hedged Equity ETF Stock Up 0.5%

Shares of NYSEARCA:HEQT opened at $31.44 on Tuesday. Simplify Hedged Equity ETF has a fifty-two week low of $27.05 and a fifty-two week high of $32.78. The firm has a 50-day simple moving average of $32.25 and a 200 day simple moving average of $31.84. The company has a market cap of $333.26 million, a PE ratio of 25.09 and a beta of 0.48.

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