83,607 Shares in Simplify Hedged Equity ETF (NYSEARCA:HEQT) Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC purchased a new stake in Simplify Hedged Equity ETF (NYSEARCA:HEQT) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 83,607 shares of the company’s stock, valued at approximately $2,215,000.

A number of other large investors have also recently added to or reduced their stakes in HEQT. Lionsbridge Wealth Management LLC lifted its stake in Simplify Hedged Equity ETF by 208.0% in the fourth quarter. Lionsbridge Wealth Management LLC now owns 93,253 shares of the company’s stock valued at $2,356,000 after acquiring an additional 62,978 shares during the last quarter. Private Advisor Group LLC bought a new position in shares of Simplify Hedged Equity ETF in the fourth quarter valued at about $891,000. Peterson Wealth Advisors LLC bought a new position in shares of Simplify Hedged Equity ETF in the fourth quarter valued at about $828,000. Orion Portfolio Solutions LLC raised its position in shares of Simplify Hedged Equity ETF by 20.7% in the fourth quarter. Orion Portfolio Solutions LLC now owns 174,942 shares of the company’s stock valued at $4,425,000 after purchasing an additional 30,001 shares during the period. Finally, Steward Partners Investment Advisory LLC raised its position in shares of Simplify Hedged Equity ETF by 24.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 121,925 shares of the company’s stock valued at $3,080,000 after purchasing an additional 23,579 shares during the period.

Simplify Hedged Equity ETF Price Performance

Shares of HEQT opened at $27.86 on Friday. The firm has a market capitalization of $164.37 million, a PE ratio of 23.07 and a beta of 0.51. The company’s 50-day moving average is $27.18 and its 200-day moving average is $26.35. Simplify Hedged Equity ETF has a fifty-two week low of $23.70 and a fifty-two week high of $27.86.

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.