Keudell Morrison Wealth Management Acquires New Shares in Simplify Hedged Equity ETF $HEQT

Keudell Morrison Wealth Management acquired a new stake in Simplify Hedged Equity ETF (NYSEARCA:HEQT) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 517,138 shares of the company’s stock, valued at approximately $16,574,000. Simplify Hedged Equity ETF comprises approximately 3.5% of Keudell Morrison Wealth Management’s investment portfolio, making the stock its 7th biggest position. Keudell Morrison Wealth Management owned about 4.88% of Simplify Hedged Equity ETF as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Leo Wealth LLC bought a new stake in shares of Simplify Hedged Equity ETF in the fourth quarter worth about $10,625,000. CreativeOne Wealth LLC increased its holdings in shares of Simplify Hedged Equity ETF by 337.5% in the third quarter. CreativeOne Wealth LLC now owns 35,280 shares of the company’s stock worth $1,102,000 after acquiring an additional 27,216 shares in the last quarter. Parallel Advisors LLC bought a new stake in shares of Simplify Hedged Equity ETF in the third quarter worth about $2,343,000. Sound Financial Strategies Group LLC increased its holdings in shares of Simplify Hedged Equity ETF by 25.1% in the fourth quarter. Sound Financial Strategies Group LLC now owns 100,735 shares of the company’s stock worth $3,229,000 after acquiring an additional 20,200 shares in the last quarter. Finally, CWM LLC increased its holdings in shares of Simplify Hedged Equity ETF by 3.3% in the fourth quarter. CWM LLC now owns 605,285 shares of the company’s stock worth $19,399,000 after acquiring an additional 19,064 shares in the last quarter.

Simplify Hedged Equity ETF Price Performance

Shares of Simplify Hedged Equity ETF stock opened at $33.26 on Friday. Simplify Hedged Equity ETF has a 1 year low of $28.95 and a 1 year high of $33.46. The business has a 50-day moving average of $32.27 and a two-hundred day moving average of $32.17. The company has a market capitalization of $324.29 million, a P/E 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.