Simplify Hedged Equity ETF $HEQT Shares Bought by Sound Financial Strategies Group LLC

Sound Financial Strategies Group LLC raised its position in Simplify Hedged Equity ETF (NYSEARCA:HEQT) by 25.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 100,735 shares of the company’s stock after acquiring an additional 20,200 shares during the period. Simplify Hedged Equity ETF makes up 2.3% of Sound Financial Strategies Group LLC’s investment portfolio, making the stock its 9th largest holding. Sound Financial Strategies Group LLC owned 0.95% of Simplify Hedged Equity ETF worth $3,229,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in HEQT. US Bancorp DE acquired a new stake in shares of Simplify Hedged Equity ETF in the 3rd quarter worth $42,000. CGC Financial Services LLC acquired a new stake in shares of Simplify Hedged Equity ETF in the 3rd quarter worth $97,000. Advisors Preferred LLC acquired a new stake in shares of Simplify Hedged Equity ETF in the 4th quarter worth $112,000. JPMorgan Chase & Co. lifted its stake in shares of Simplify Hedged Equity ETF by 26.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,339 shares of the company’s stock worth $136,000 after acquiring an additional 921 shares during the period. Finally, Chatterton & Associates Inc. acquired a new stake in shares of Simplify Hedged Equity ETF in the fourth quarter valued at about $222,000.

Simplify Hedged Equity ETF Stock Up 0.2%

Shares of NYSEARCA HEQT opened at $33.17 on Friday. Simplify Hedged Equity ETF has a 52 week low of $28.79 and a 52 week high of $33.21. The firm has a 50-day moving average price of $32.10 and a 200 day moving average price of $32.06. The stock has a market capitalization of $323.41 million, a price-to-earnings ratio of 25.09 and a beta of 0.48.

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.