Simplify Hedged Equity ETF (NYSEARCA:HEQT) Shares Sold by PFG Advisors

PFG Advisors lessened its holdings in shares of Simplify Hedged Equity ETF (NYSEARCA:HEQT) by 3.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,934 shares of the company’s stock after selling 811 shares during the quarter. PFG Advisors owned 0.41% of Simplify Hedged Equity ETF worth $706,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. HighTower Advisors LLC grew its stake in Simplify Hedged Equity ETF by 76.4% during the 4th quarter. HighTower Advisors LLC now owns 301,468 shares of the company’s stock valued at $8,887,000 after purchasing an additional 130,611 shares in the last quarter. Assetmark Inc. acquired a new stake in Simplify Hedged Equity ETF during the 4th quarter valued at approximately $35,000. Steward Partners Investment Advisory LLC grew its stake in Simplify Hedged Equity ETF by 1.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 179,021 shares of the company’s stock valued at $5,278,000 after purchasing an additional 3,142 shares in the last quarter. Proficio Capital Partners LLC grew its stake in Simplify Hedged Equity ETF by 2,848.0% during the 4th quarter. Proficio Capital Partners LLC now owns 308,656 shares of the company’s stock valued at $9,099,000 after purchasing an additional 298,186 shares in the last quarter. Finally, Principal Securities Inc. acquired a new stake in Simplify Hedged Equity ETF during the 4th quarter valued at approximately $29,000.

Simplify Hedged Equity ETF Stock Up 0.7 %

Shares of NYSEARCA HEQT opened at $28.82 on Friday. The firm has a market cap of $391.95 million, a PE ratio of 26.33 and a beta of 0.49. The business has a 50 day moving average price of $29.81 and a two-hundred day moving average price of $29.44. Simplify Hedged Equity ETF has a fifty-two week low of $25.77 and a fifty-two week high of $30.53.

Simplify Hedged Equity ETF 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.