107,551 Shares in Simplify Hedged Equity ETF $HEQT Purchased by Baer Investment Advisory LLC

Baer Investment Advisory LLC acquired a new stake in shares of Simplify Hedged Equity ETF (NYSEARCA:HEQT) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 107,551 shares of the company’s stock, valued at approximately $3,388,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HEQT. US Bancorp DE purchased a new position in shares of Simplify Hedged Equity ETF during the third quarter worth approximately $42,000. Kestra Advisory Services LLC purchased a new stake in Simplify Hedged Equity ETF during the fourth quarter worth $50,000. Advisors Preferred LLC bought a new stake in Simplify Hedged Equity ETF during the fourth quarter valued at about $112,000. JPMorgan Chase & Co. grew its stake in 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 purchasing an additional 921 shares during the last quarter. Finally, Chatterton & Associates Inc. purchased a new position in Simplify Hedged Equity ETF in the fourth quarter valued at about $222,000.

Simplify Hedged Equity ETF Stock Performance

Shares of Simplify Hedged Equity ETF stock opened at $33.47 on Friday. The company has a market capitalization of $313.95 million, a PE ratio of 25.09 and a beta of 0.47. The company has a 50-day simple moving average of $33.26 and a two-hundred day simple moving average of $32.52. Simplify Hedged Equity ETF has a one year low of $30.01 and a one year high of $33.64.

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.