Leo Wealth LLC Makes New $10.63 Million Investment in Simplify Hedged Equity ETF $HEQT

Leo Wealth LLC acquired a new stake in Simplify Hedged Equity ETF (NYSEARCA:HEQT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 331,506 shares of the company’s stock, valued at approximately $10,625,000. Simplify Hedged Equity ETF accounts for about 0.8% of Leo Wealth LLC’s portfolio, making the stock its 25th largest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of HEQT. Jane Street Group LLC lifted its holdings in shares of Simplify Hedged Equity ETF by 844.9% in the 2nd quarter. Jane Street Group LLC now owns 66,174 shares of the company’s stock worth $1,989,000 after purchasing an additional 59,171 shares in the last quarter. Bank of America Corp DE bought a new stake in Simplify Hedged Equity ETF during the 2nd quarter valued at $496,000. MML Investors Services LLC raised its holdings in Simplify Hedged Equity ETF by 39.1% during the second quarter. MML Investors Services LLC now owns 333,975 shares of the company’s stock worth $10,036,000 after buying an additional 93,959 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in Simplify Hedged Equity ETF by 4,094.3% during the second quarter. Smartleaf Asset Management LLC now owns 16,777 shares of the company’s stock worth $503,000 after buying an additional 16,377 shares during the last quarter. Finally, Advisory Services Network LLC lifted its stake in shares of Simplify Hedged Equity ETF by 9.4% in the second quarter. Advisory Services Network LLC now owns 44,769 shares of the company’s stock valued at $1,363,000 after buying an additional 3,856 shares in the last quarter.

Simplify Hedged Equity ETF Price Performance

Shares of NYSEARCA HEQT opened at $31.31 on Monday. The stock has a market capitalization of $308.40 million, a P/E ratio of 25.09 and a beta of 0.48. The company has a 50-day moving average price of $32.06 and a 200-day moving average price of $31.86. Simplify Hedged Equity ETF has a 1 year low of $27.05 and a 1 year high of $32.78.

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