Diversify Advisory Services LLC Buys Shares of 29,084 Simplify Hedged Equity ETF (NYSEARCA:HEQT)

Diversify Advisory Services LLC acquired a new position in Simplify Hedged Equity ETF (NYSEARCA:HEQT) during the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 29,084 shares of the company’s stock, valued at approximately $769,000.

Several other hedge funds also recently made changes to their positions in HEQT. Norden Group LLC acquired a new stake in shares of Simplify Hedged Equity ETF during the first quarter worth approximately $5,014,000. Wealth Enhancement Advisory Services LLC bought a new position in Simplify Hedged Equity ETF during the first quarter worth $2,215,000. Strategic Blueprint LLC bought a new position in Simplify Hedged Equity ETF during the first quarter worth $1,732,000. Lionsbridge Wealth Management LLC increased its position in Simplify Hedged Equity ETF by 208.0% during the fourth quarter. Lionsbridge Wealth Management LLC now owns 93,253 shares of the company’s stock worth $2,356,000 after acquiring an additional 62,978 shares during the period. Finally, Private Advisor Group LLC bought a new stake in Simplify Hedged Equity ETF in the 4th quarter valued at $891,000.

Simplify Hedged Equity ETF Price Performance

Shares of Simplify Hedged Equity ETF stock opened at $27.95 on Friday. The firm has a market capitalization of $164.91 million, a PE ratio of 23.07 and a beta of 0.51. The company’s fifty day moving average price is $27.21 and its two-hundred day moving average price is $26.37. Simplify Hedged Equity ETF has a 52-week low of $23.70 and a 52-week high of $27.95.

Simplify Hedged Equity ETF Company 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.