WealthPLAN Partners LLC Trims Stock Holdings in Simplify Hedged Equity ETF $HEQT

WealthPLAN Partners LLC lowered its holdings in shares of Simplify Hedged Equity ETF (NYSEARCA:HEQT) by 6.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 304,854 shares of the company’s stock after selling 19,704 shares during the period. Simplify Hedged Equity ETF accounts for 1.5% of WealthPLAN Partners LLC’s investment portfolio, making the stock its 12th largest holding. WealthPLAN Partners LLC owned 2.88% of Simplify Hedged Equity ETF worth $9,771,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. US Bancorp DE acquired a new stake in shares of Simplify Hedged Equity ETF during the third quarter worth $42,000. Advisors Preferred LLC purchased a new position in Simplify Hedged Equity ETF during the 4th quarter worth $112,000. JPMorgan Chase & Co. lifted its stake in shares of Simplify Hedged Equity ETF by 26.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,339 shares of the company’s stock worth $136,000 after acquiring an additional 921 shares during the period. Chatterton & Associates Inc. purchased a new stake in shares of Simplify Hedged Equity ETF in the fourth quarter valued at about $222,000. Finally, Plan Group Financial LLC acquired a new position in shares of Simplify Hedged Equity ETF during the fourth quarter worth about $251,000.

Simplify Hedged Equity ETF Stock Up 0.7%

Shares of NYSEARCA:HEQT opened at $33.24 on Friday. Simplify Hedged Equity ETF has a 52 week low of $29.50 and a 52 week high of $33.60. The company has a 50-day moving average price of $32.83 and a 200 day moving average price of $32.36. The company has a market cap of $324.09 million, a P/E ratio of 25.09 and a beta of 0.47.

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.