Simplify Hedged Equity ETF $HEQT Shares Sold by Harmony Asset Management LLC

Harmony Asset Management LLC reduced its position in shares of Simplify Hedged Equity ETF (NYSEARCA:HEQT) by 21.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 106,545 shares of the company’s stock after selling 29,217 shares during the period. Simplify Hedged Equity ETF accounts for about 1.1% of Harmony Asset Management LLC’s investment portfolio, making the stock its 18th largest position. Harmony Asset Management LLC’s holdings in Simplify Hedged Equity ETF were worth $3,415,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of HEQT. Leo Wealth LLC acquired a new stake in shares of Simplify Hedged Equity ETF during the 4th quarter worth about $10,625,000. Ameritas Advisory Services LLC boosted its position in shares of Simplify Hedged Equity ETF by 79.5% in the third quarter. Ameritas Advisory Services LLC now owns 246,833 shares of the company’s stock worth $7,710,000 after acquiring an additional 109,291 shares during the last quarter. MML Investors Services LLC boosted its position in shares of Simplify Hedged Equity ETF by 39.1% in the second quarter. MML Investors Services LLC now owns 333,975 shares of the company’s stock worth $10,036,000 after acquiring an additional 93,959 shares during the last quarter. Parallel Advisors LLC acquired a new stake in shares of Simplify Hedged Equity ETF in the third quarter worth approximately $2,343,000. Finally, Jane Street Group LLC boosted its position in shares of Simplify Hedged Equity ETF by 844.9% in the second quarter. Jane Street Group LLC now owns 66,174 shares of the company’s stock worth $1,989,000 after acquiring an additional 59,171 shares during the last quarter.

Simplify Hedged Equity ETF Stock Performance

HEQT opened at $33.22 on Thursday. The company’s 50 day simple moving average is $32.25 and its 200 day simple moving average is $32.16. Simplify Hedged Equity ETF has a 1 year low of $28.95 and a 1 year high of $33.46. The stock has a market capitalization of $323.90 million, a PE ratio of 25.09 and a beta of 0.48.

Simplify Hedged Equity ETF 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.