Simplify Hedged Equity ETF $HEQT Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. trimmed its holdings in Simplify Hedged Equity ETF (NYSEARCA:HEQT) by 58.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 148,708 shares of the company’s stock after selling 205,802 shares during the period. Envestnet Asset Management Inc. owned 1.55% of Simplify Hedged Equity ETF worth $4,645,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. CGC Financial Services LLC purchased a new stake in shares of Simplify Hedged Equity ETF in the third quarter valued at about $97,000. CreativeOne Wealth LLC purchased a new stake in Simplify Hedged Equity ETF in the 2nd quarter valued at approximately $242,000. DAVENPORT & Co LLC purchased a new stake in Simplify Hedged Equity ETF in the 3rd quarter valued at approximately $251,000. Golden State Wealth Management LLC grew its holdings in Simplify Hedged Equity ETF by 80.9% during the 2nd quarter. Golden State Wealth Management LLC now owns 9,332 shares of the company’s stock valued at $280,000 after buying an additional 4,174 shares during the last quarter. Finally, Brookwood Investment Group LLC purchased a new position in Simplify Hedged Equity ETF during the third quarter worth $305,000.

Simplify Hedged Equity ETF Stock Down 0.7%

NYSEARCA HEQT opened at $32.35 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 business has a fifty day moving average of $32.28 and a 200-day moving average of $31.65. The stock has a market cap of $342.91 million, a price-to-earnings ratio of 25.09 and a beta of 0.48.

About Simplify Hedged Equity ETF

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.