Simplify Hedged Equity ETF $HEQT Shares Sold by Harmony Asset Management LLC

Harmony Asset Management LLC trimmed its holdings in Simplify Hedged Equity ETF (NYSEARCA:HEQT) by 21.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 106,545 shares of the company’s stock after selling 29,217 shares during the period. Simplify Hedged Equity ETF accounts for about 1.1% of Harmony Asset Management LLC’s investment portfolio, making the stock its 18th largest position. Harmony Asset Management LLC owned about 1.01% of Simplify Hedged Equity ETF worth $3,415,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in HEQT. Western Wealth Management LLC boosted its stake in shares of Simplify Hedged Equity ETF by 5.9% during the 3rd quarter. Western Wealth Management LLC now owns 12,826 shares of the company’s stock worth $401,000 after purchasing an additional 719 shares during the last quarter. Hilltop Holdings Inc. boosted its stake in shares of Simplify Hedged Equity ETF by 5.7% during the 3rd quarter. Hilltop Holdings Inc. now owns 15,722 shares of the company’s stock worth $491,000 after purchasing an additional 851 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Simplify Hedged Equity ETF by 26.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,339 shares of the company’s stock worth $136,000 after purchasing an additional 921 shares during the last quarter. Cambridge Advisors Inc. boosted its stake in shares of Simplify Hedged Equity ETF by 3.1% during the 4th quarter. Cambridge Advisors Inc. now owns 32,539 shares of the company’s stock worth $1,043,000 after purchasing an additional 974 shares during the last quarter. Finally, Brookwood Investment Group LLC boosted its stake in shares of Simplify Hedged Equity ETF by 12.6% during the 4th quarter. Brookwood Investment Group LLC now owns 10,989 shares of the company’s stock worth $352,000 after purchasing an additional 1,234 shares during the last quarter.

Simplify Hedged Equity ETF Price Performance

Simplify Hedged Equity ETF stock opened at $33.22 on Thursday. Simplify Hedged Equity ETF has a 12-month low of $28.95 and a 12-month high of $33.46. The stock has a market capitalization of $323.90 million, a P/E ratio of 25.09 and a beta of 0.48. The firm’s 50-day moving average is $32.25 and its two-hundred day moving average is $32.16.

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.