TSG Advice Partners LLC Buys Shares of 185,666 Simplify Hedged Equity ETF $HEQT

TSG Advice Partners LLC purchased a new position in shares of Simplify Hedged Equity ETF (NYSEARCA:HEQT) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 185,666 shares of the company’s stock, valued at approximately $5,848,000. Simplify Hedged Equity ETF makes up about 0.9% of TSG Advice Partners LLC’s holdings, making the stock its 23rd biggest position. TSG Advice Partners LLC owned about 1.89% of Simplify Hedged Equity ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Private Advisor Group LLC increased its stake in shares of Simplify Hedged Equity ETF by 466.8% during the fourth quarter. Private Advisor Group LLC now owns 1,120,557 shares of the company’s stock valued at $35,914,000 after acquiring an additional 922,843 shares during the period. CWM LLC raised its holdings in Simplify Hedged Equity ETF by 3.3% during the fourth quarter. CWM LLC now owns 605,285 shares of the company’s stock worth $19,399,000 after purchasing an additional 19,064 shares in the last quarter. Keudell Morrison Wealth Management acquired a new stake in Simplify Hedged Equity ETF in the fourth quarter worth approximately $16,574,000. LPL Financial LLC lifted its position in Simplify Hedged Equity ETF by 13.2% in the fourth quarter. LPL Financial LLC now owns 459,311 shares of the company’s stock worth $14,721,000 after purchasing an additional 53,482 shares during the period. Finally, MML Investors Services LLC boosted its stake in Simplify Hedged Equity ETF by 39.1% during the 2nd quarter. MML Investors Services LLC now owns 333,975 shares of the company’s stock valued at $10,036,000 after purchasing an additional 93,959 shares in the last quarter.

Simplify Hedged Equity ETF Stock Performance

Shares of HEQT stock opened at $33.56 on Thursday. Simplify Hedged Equity ETF has a 1 year low of $29.84 and a 1 year high of $33.64. The stock has a market cap of $314.79 million, a PE ratio of 25.09 and a beta of 0.47. The business’s fifty day moving average is $33.23 and its 200-day moving average is $32.51.

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.