Private Advisor Group LLC Lowers Stock Position in Simplify Hedged Equity ETF $HEQT

Private Advisor Group LLC decreased its holdings in shares of Simplify Hedged Equity ETF (NYSEARCA:HEQT) by 52.1% during the 1st quarter, HoldingsChannel.com reports. The firm owned 537,227 shares of the company’s stock after selling 583,330 shares during the period. Private Advisor Group LLC owned approximately 0.06% of Simplify Hedged Equity ETF worth $16,923,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. Jane Street Group LLC boosted its stake in shares of Simplify Hedged Equity ETF by 844.9% in the second quarter. Jane Street Group LLC now owns 66,174 shares of the company’s stock valued at $1,989,000 after buying an additional 59,171 shares in the last quarter. Bank of America Corp DE acquired a new stake in Simplify Hedged Equity ETF in the second quarter valued at $496,000. MML Investors Services LLC lifted its holdings in Simplify Hedged Equity ETF by 39.1% in the second quarter. MML Investors Services LLC now owns 333,975 shares of the company’s stock valued at $10,036,000 after acquiring an additional 93,959 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Simplify Hedged Equity ETF by 4,094.3% in the second quarter. Smartleaf Asset Management LLC now owns 16,777 shares of the company’s stock valued at $503,000 after acquiring an additional 16,377 shares during the period. Finally, Advisory Services Network LLC boosted its position in shares of Simplify Hedged Equity ETF by 9.4% during the 2nd quarter. Advisory Services Network LLC now owns 44,769 shares of the company’s stock worth $1,363,000 after purchasing an additional 3,856 shares in the last quarter.

Simplify Hedged Equity ETF Price Performance

NYSEARCA:HEQT opened at $33.47 on Friday. Simplify Hedged Equity ETF has a fifty-two week low of $30.01 and a fifty-two week high of $33.64. The stock has a market cap of $313.95 million, a PE ratio of 25.09 and a beta of 0.47. The firm’s fifty day simple moving average is $33.26 and its 200-day simple moving average is $32.52.

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.