Commonwealth Equity Services LLC Trims Holdings in Simplify Hedged Equity ETF (NYSEARCA:HEQT)

Commonwealth Equity Services LLC trimmed its position in Simplify Hedged Equity ETF (NYSEARCA:HEQT) by 50.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 99,939 shares of the company’s stock after selling 103,255 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Simplify Hedged Equity ETF were worth $2,765,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fortitude Family Office LLC purchased a new stake in Simplify Hedged Equity ETF in the 1st quarter worth approximately $141,000. Northwest Capital Management Inc increased its holdings in Simplify Hedged Equity ETF by 188.7% in the 2nd quarter. Northwest Capital Management Inc now owns 5,318 shares of the company’s stock worth $147,000 after acquiring an additional 3,476 shares in the last quarter. Norden Group LLC purchased a new stake in Simplify Hedged Equity ETF in the 1st quarter worth approximately $501,000. Diversify Advisory Services LLC purchased a new stake in Simplify Hedged Equity ETF in the 1st quarter worth approximately $769,000. Finally, Mather Group LLC. purchased a new stake in Simplify Hedged Equity ETF in the 2nd quarter worth approximately $782,000.

Simplify Hedged Equity ETF Trading Up 0.9 %

Simplify Hedged Equity ETF stock opened at $28.18 on Thursday. The firm has a 50 day moving average of $27.85 and a 200 day moving average of $27.12. The firm has a market capitalization of $166.26 million, a price-to-earnings ratio of 23.07 and a beta of 0.51. Simplify Hedged Equity ETF has a 12-month low of $23.70 and a 12-month high of $28.46.

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.