Private Advisor Group LLC Sells 60,800 Shares of Simplify Hedged Equity ETF $HEQT

Private Advisor Group LLC decreased its position in shares of Simplify Hedged Equity ETF (NYSEARCA:HEQT) by 23.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 197,714 shares of the company’s stock after selling 60,800 shares during the period. Private Advisor Group LLC owned about 2.07% of Simplify Hedged Equity ETF worth $6,176,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Evolution Wealth Management Inc. acquired a new stake in Simplify Hedged Equity ETF during the 3rd quarter valued at $1,802,000. Sowell Financial Services LLC bought a new position in Simplify Hedged Equity ETF in the 3rd quarter valued at $2,753,000. Smith Moore & CO. boosted its stake in Simplify Hedged Equity ETF by 7.6% in the second quarter. Smith Moore & CO. now owns 163,948 shares of the company’s stock worth $4,927,000 after purchasing an additional 11,619 shares in the last quarter. Meridian Wealth Management LLC boosted its stake in Simplify Hedged Equity ETF by 1,413.1% in the second quarter. Meridian Wealth Management LLC now owns 119,112 shares of the company’s stock worth $3,579,000 after purchasing an additional 111,240 shares in the last quarter. Finally, Osaic Holdings Inc. grew its holdings in shares of Simplify Hedged Equity ETF by 17.7% during the second quarter. Osaic Holdings Inc. now owns 118,609 shares of the company’s stock worth $3,564,000 after purchasing an additional 17,809 shares during the last quarter.

Simplify Hedged Equity ETF Stock Performance

Shares of NYSEARCA:HEQT opened at $31.78 on Friday. Simplify Hedged Equity ETF has a twelve month low of $27.05 and a twelve month high of $32.78. The firm has a market cap of $336.87 million, a PE ratio of 25.09 and a beta of 0.48. The business has a fifty day moving average of $32.34 and a 200-day moving average of $31.79.

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.