WealthPLAN Partners LLC Trims Stake in Simplify Hedged Equity ETF $HEQT

WealthPLAN Partners LLC lessened its position in Simplify Hedged Equity ETF (NYSEARCA:HEQT) by 25.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 227,169 shares of the company’s stock after selling 77,685 shares during the quarter. Simplify Hedged Equity ETF accounts for 1.4% of WealthPLAN Partners LLC’s portfolio, making the stock its 14th largest position. WealthPLAN Partners LLC owned about 2.33% of Simplify Hedged Equity ETF worth $7,156,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in HEQT. Jane Street Group LLC lifted its stake in 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 worth $1,989,000 after purchasing an additional 59,171 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of Simplify Hedged Equity ETF during the 2nd quarter worth approximately $496,000. MML Investors Services LLC lifted its stake in shares of Simplify Hedged Equity ETF by 39.1% during the 2nd quarter. MML Investors Services LLC now owns 333,975 shares of the company’s stock worth $10,036,000 after acquiring an additional 93,959 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in Simplify Hedged Equity ETF by 4,094.3% during the 2nd 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 holdings in 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 valued at $1,363,000 after acquiring an additional 3,856 shares during the period.

Simplify Hedged Equity ETF Stock Down 0.3%

HEQT stock opened at $33.56 on Wednesday. The business’s fifty day simple moving average is $33.30 and its two-hundred day simple moving average is $32.55. Simplify Hedged Equity ETF has a twelve month low of $30.08 and a twelve month high of $33.72. The firm has a market cap of $298.68 million, a price-to-earnings ratio of 25.09 and a beta of 0.47.

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.