PFG Advisors trimmed its position in Simplify Hedged Equity ETF (NYSEARCA:HEQT – Free Report) by 3.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 23,934 shares of the company’s stock after selling 811 shares during the period. PFG Advisors’ holdings in Simplify Hedged Equity ETF were worth $706,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in shares of Simplify Hedged Equity ETF by 319.4% in the third quarter. JPMorgan Chase & Co. now owns 3,238 shares of the company’s stock worth $94,000 after buying an additional 2,466 shares during the period. Principal Securities Inc. acquired a new position in shares of Simplify Hedged Equity ETF in the fourth quarter worth about $29,000. Stephens Inc. AR acquired a new stake in shares of Simplify Hedged Equity ETF during the fourth quarter worth approximately $996,000. WealthPlan Investment Management LLC boosted its holdings in shares of Simplify Hedged Equity ETF by 65.0% during the fourth quarter. WealthPlan Investment Management LLC now owns 599,917 shares of the company’s stock worth $17,686,000 after purchasing an additional 236,306 shares during the period. Finally, Stratos Wealth Advisors LLC boosted its holdings in shares of Simplify Hedged Equity ETF by 6.3% during the fourth quarter. Stratos Wealth Advisors LLC now owns 167,167 shares of the company’s stock worth $4,928,000 after purchasing an additional 9,849 shares during the period.
Simplify Hedged Equity ETF Stock Performance
HEQT stock opened at $28.82 on Friday. The stock has a market cap of $391.95 million, a P/E ratio of 26.33 and a beta of 0.49. The firm has a 50 day simple moving average of $29.81 and a 200 day simple moving average of $29.44. Simplify Hedged Equity ETF has a 52 week low of $25.77 and a 52 week high of $30.53.
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.
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Want to see what other hedge funds are holding HEQT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Simplify Hedged Equity ETF (NYSEARCA:HEQT – Free Report).
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