Stephens Inc. AR Invests $996,000 in Simplify Hedged Equity ETF (NYSEARCA:HEQT)

Stephens Inc. AR bought a new stake in shares of Simplify Hedged Equity ETF (NYSEARCA:HEQT) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 33,785 shares of the company’s stock, valued at approximately $996,000.

A number of other hedge funds have also recently bought and sold shares of HEQT. JPMorgan Chase & Co. raised its position in shares of Simplify Hedged Equity ETF by 319.4% during the third quarter. JPMorgan Chase & Co. now owns 3,238 shares of the company’s stock valued at $94,000 after buying an additional 2,466 shares during the last quarter. Bay Rivers Group bought a new position in Simplify Hedged Equity ETF during the fourth quarter valued at about $383,000. Hilltop Holdings Inc. bought a new position in Simplify Hedged Equity ETF during the third quarter valued at about $431,000. Peterson Wealth Advisors LLC raised its holdings in Simplify Hedged Equity ETF by 42.4% in the 4th quarter. Peterson Wealth Advisors LLC now owns 53,619 shares of the company’s stock valued at $1,594,000 after acquiring an additional 15,956 shares in the last quarter. Finally, Harmony Asset Management LLC lifted its position in shares of Simplify Hedged Equity ETF by 31.9% in the 3rd quarter. Harmony Asset Management LLC now owns 76,927 shares of the company’s stock worth $2,222,000 after acquiring an additional 18,605 shares during the period.

Simplify Hedged Equity ETF Trading Up 0.7 %

HEQT opened at $30.38 on Friday. Simplify Hedged Equity ETF has a 1 year low of $25.76 and a 1 year high of $30.45. The stock’s 50 day simple moving average is $29.92 and its 200-day simple moving average is $29.14. The stock has a market cap of $179.24 million, a PE ratio of 23.07 and a beta of 0.51.

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.