517,138 Shares in Simplify Hedged Equity ETF $HEQT Acquired by Keudell Morrison Wealth Management

Keudell Morrison Wealth Management purchased a new position in shares of Simplify Hedged Equity ETF (NYSEARCA:HEQT) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 517,138 shares of the company’s stock, valued at approximately $16,574,000. Simplify Hedged Equity ETF accounts for about 3.5% of Keudell Morrison Wealth Management’s investment portfolio, making the stock its 7th biggest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. US Bancorp DE bought a new stake in shares of Simplify Hedged Equity ETF during the 3rd quarter worth $42,000. Advisors Preferred LLC acquired a new position in Simplify Hedged Equity ETF in the 4th quarter worth about $112,000. JPMorgan Chase & Co. increased its stake in shares of Simplify Hedged Equity ETF by 26.9% in the third quarter. JPMorgan Chase & Co. now owns 4,339 shares of the company’s stock valued at $136,000 after buying an additional 921 shares during the period. Chatterton & Associates Inc. acquired a new stake in shares of Simplify Hedged Equity ETF in the fourth quarter valued at about $222,000. Finally, Plan Group Financial LLC acquired a new stake in shares of Simplify Hedged Equity ETF in the fourth quarter valued at about $251,000.

Simplify Hedged Equity ETF Trading Up 0.1%

Shares of HEQT stock opened at $33.26 on Friday. The stock has a market cap of $324.29 million, a price-to-earnings ratio of 25.09 and a beta of 0.48. The stock has a 50-day moving average of $32.27 and a 200-day moving average of $32.17. Simplify Hedged Equity ETF has a 1-year low of $28.95 and a 1-year high of $33.46.

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.