BFI Wealth Solutions LLC Takes $1.12 Million Position in Simplify Hedged Equity ETF $HEQT

BFI Wealth Solutions LLC acquired a new position in Simplify Hedged Equity ETF (NYSEARCA:HEQT) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 34,884 shares of the company’s stock, valued at approximately $1,118,000.

A number of other institutional investors and hedge funds have also bought and sold shares of HEQT. Hilltop Holdings Inc. raised its position in shares of Simplify Hedged Equity ETF by 5.7% during the third quarter. Hilltop Holdings Inc. now owns 15,722 shares of the company’s stock valued at $491,000 after buying an additional 851 shares during the last quarter. JPMorgan Chase & Co. lifted its position 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. Cambridge Advisors Inc. lifted its position in shares of Simplify Hedged Equity ETF by 3.1% in the 4th quarter. Cambridge Advisors Inc. now owns 32,539 shares of the company’s stock worth $1,043,000 after acquiring an additional 974 shares during the period. Betterment LLC grew its holdings in shares of Simplify Hedged Equity ETF by 12.1% during the 4th quarter. Betterment LLC now owns 9,316 shares of the company’s stock worth $299,000 after purchasing an additional 1,007 shares in the last quarter. Finally, Brookwood Investment Group LLC increased its position in shares of Simplify Hedged Equity ETF by 12.6% during the fourth quarter. Brookwood Investment Group LLC now owns 10,989 shares of the company’s stock valued at $352,000 after purchasing an additional 1,234 shares during the period.

Simplify Hedged Equity ETF Trading Up 0.5%

HEQT opened at $33.54 on Friday. The stock’s 50 day simple moving average is $33.04 and its 200-day simple moving average is $32.42. The stock has a market cap of $327.01 million, a PE ratio of 25.09 and a beta of 0.47. Simplify Hedged Equity ETF has a 1 year low of $29.69 and a 1 year high of $33.64.

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.