WealthPLAN Partners LLC Trims Stock Position in Simplify Hedged Equity ETF $HEQT

WealthPLAN Partners LLC lessened its stake in shares of Simplify Hedged Equity ETF (NYSEARCA:HEQT) by 25.5% in the 1st quarter, HoldingsChannel.com reports. The fund owned 227,169 shares of the company’s stock after selling 77,685 shares during the period. Simplify Hedged Equity ETF accounts for about 1.4% of WealthPLAN Partners LLC’s investment portfolio, making the stock its 14th biggest holding. WealthPLAN Partners LLC’s holdings in Simplify Hedged Equity ETF were worth $7,156,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Private Advisor Group LLC increased its holdings in Simplify Hedged Equity ETF by 466.8% during the 4th quarter. Private Advisor Group LLC now owns 1,120,557 shares of the company’s stock worth $35,914,000 after purchasing an additional 922,843 shares during the period. Keudell Morrison Wealth Management purchased a new position in shares of Simplify Hedged Equity ETF during the fourth quarter valued at $16,574,000. Leo Wealth LLC bought a new stake in shares of Simplify Hedged Equity ETF in the fourth quarter valued at about $10,625,000. Kovack Advisors Inc. bought a new stake in shares of Simplify Hedged Equity ETF in the fourth quarter valued at about $6,298,000. Finally, TSG Advice Partners LLC purchased a new stake in Simplify Hedged Equity ETF in the first quarter worth about $5,848,000.

Simplify Hedged Equity ETF Price Performance

Shares of Simplify Hedged Equity ETF stock opened at $33.56 on Wednesday. Simplify Hedged Equity ETF has a 1 year low of $30.08 and a 1 year high of $33.72. The firm’s 50-day moving average is $33.30 and its two-hundred day moving average is $32.55. The stock has a market cap of $298.68 million, a price-to-earnings ratio of 25.09 and a beta of 0.47.

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.