331,506 Shares in Simplify Hedged Equity ETF $HEQT Acquired by Leo Wealth LLC

Leo Wealth LLC purchased a new stake in Simplify Hedged Equity ETF (NYSEARCA:HEQT) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 331,506 shares of the company’s stock, valued at approximately $10,625,000. Simplify Hedged Equity ETF accounts for about 0.8% of Leo Wealth LLC’s holdings, making the stock its 25th biggest holding. Leo Wealth LLC owned 3.12% of Simplify Hedged Equity ETF as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. US Bancorp DE acquired a new stake in shares of Simplify Hedged Equity ETF during the 3rd quarter worth approximately $42,000. CGC Financial Services LLC acquired a new position in shares of Simplify Hedged Equity ETF during the 3rd quarter valued at $97,000. JPMorgan Chase & Co. boosted its stake in Simplify Hedged Equity ETF by 26.9% during the third quarter. JPMorgan Chase & Co. now owns 4,339 shares of the company’s stock worth $136,000 after acquiring an additional 921 shares in the last quarter. Chatterton & Associates Inc. bought a new position in Simplify Hedged Equity ETF during the fourth quarter worth $222,000. Finally, DAVENPORT & Co LLC acquired a new stake in Simplify Hedged Equity ETF in the third quarter worth $251,000.

Simplify Hedged Equity ETF Stock Performance

HEQT opened at $31.31 on Monday. Simplify Hedged Equity ETF has a 1-year low of $27.05 and a 1-year high of $32.78. The company has a market cap of $308.40 million, a P/E ratio of 25.09 and a beta of 0.48. The company has a fifty day moving average price of $32.06 and a two-hundred day moving average price of $31.86.

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.