UBS Group AG Sells 92,680 Shares of Simplify Hedged Equity ETF $HEQT

UBS Group AG trimmed its stake in shares of Simplify Hedged Equity ETF (NYSEARCA:HEQT) by 45.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 112,724 shares of the company’s stock after selling 92,680 shares during the quarter. UBS Group AG owned about 1.06% of Simplify Hedged Equity ETF worth $3,613,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HEQT. Leo Wealth LLC bought a new position in Simplify Hedged Equity ETF during the fourth quarter worth $10,625,000. Ameritas Advisory Services LLC boosted its position in Simplify Hedged Equity ETF by 79.5% during the third quarter. Ameritas Advisory Services LLC now owns 246,833 shares of the company’s stock worth $7,710,000 after purchasing an additional 109,291 shares during the period. MML Investors Services LLC boosted its position in Simplify Hedged Equity ETF by 39.1% during the second quarter. MML Investors Services LLC now owns 333,975 shares of the company’s stock worth $10,036,000 after purchasing an additional 93,959 shares during the period. Parallel Advisors LLC bought a new position in Simplify Hedged Equity ETF during the third quarter worth $2,343,000. Finally, Jane Street Group LLC boosted its position in Simplify Hedged Equity ETF by 844.9% during 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 period.

Simplify Hedged Equity ETF Price Performance

HEQT stock opened at $33.28 on Friday. The company has a fifty day moving average price of $32.29 and a two-hundred day moving average price of $32.17. Simplify Hedged Equity ETF has a one year low of $28.95 and a one year high of $33.46. The stock has a market cap of $324.48 million, a price-to-earnings ratio of 25.09 and a beta of 0.48.

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.