WealthPLAN Partners LLC Makes New Investment in Simplify Hedged Equity ETF $HEQT

WealthPLAN Partners LLC purchased a new position in Simplify Hedged Equity ETF (NYSEARCA:HEQT) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 105,040 shares of the company’s stock, valued at approximately $3,605,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. ARQ Wealth Advisors LLC increased its holdings in shares of Simplify Hedged Equity ETF by 10.8% during the 1st quarter. ARQ Wealth Advisors LLC now owns 302,463 shares of the company’s stock worth $9,528,000 after purchasing an additional 29,412 shares during the period. Independent Wealth Advisors LLC lifted its stake in shares of Simplify Hedged Equity ETF by 5.7% in the first quarter. Independent Wealth Advisors LLC now owns 185,810 shares of the company’s stock valued at $5,853,000 after buying an additional 10,054 shares during the period. TSG Advice Partners LLC acquired a new stake in Simplify Hedged Equity ETF during the first quarter worth about $5,848,000. Envestnet Asset Management Inc. grew its position in Simplify Hedged Equity ETF by 13.2% during the second quarter. Envestnet Asset Management Inc. now owns 152,958 shares of the company’s stock worth $5,130,000 after buying an additional 17,893 shares in the last quarter. Finally, Financial Enhancement Group LLC grew its position in Simplify Hedged Equity ETF by 2.0% during the second quarter. Financial Enhancement Group LLC now owns 139,291 shares of the company’s stock worth $4,672,000 after buying an additional 2,731 shares in the last quarter.

Simplify Hedged Equity ETF Trading Up 0.2%

HEQT traded up $0.08 on Thursday, hitting $34.61. 26,527 shares of the stock traded hands, compared to its average volume of 72,485. The business has a fifty day moving average price of $34.45 and a two-hundred day moving average price of $33.57. The firm has a market capitalization of $322.57 million, a PE ratio of 25.09 and a beta of 0.47. Simplify Hedged Equity ETF has a 52 week low of $30.72 and a 52 week high of $34.84.

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. HEQT was launched on Nov 1, 2021 and is managed by Simplify.