Financial Enhancement Group LLC Acquires New Shares in Simplify Hedged Equity ETF $HEQT

Financial Enhancement Group LLC acquired a new position in shares of Simplify Hedged Equity ETF (NYSEARCA:HEQT) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 129,760 shares of the company’s stock, valued at approximately $4,513,000. Financial Enhancement Group LLC owned about 1.39% of Simplify Hedged Equity ETF as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the company. Dynamic Advisor Solutions LLC grew its holdings in Simplify Hedged Equity ETF by 1.2% in the second quarter. Dynamic Advisor Solutions LLC now owns 93,605 shares of the company’s stock valued at $3,140,000 after purchasing an additional 1,070 shares during the last quarter. Bay Rivers Group raised its stake in shares of Simplify Hedged Equity ETF by 4.1% during the 2nd quarter. Bay Rivers Group now owns 28,608 shares of the company’s stock worth $960,000 after buying an additional 1,118 shares during the last quarter. Harmony Asset Management LLC boosted its position in shares of Simplify Hedged Equity ETF by 2.2% in the 1st quarter. Harmony Asset Management LLC now owns 108,920 shares of the company’s stock worth $3,431,000 after buying an additional 2,375 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Simplify Hedged Equity ETF by 33.5% in the 1st quarter. Royal Bank of Canada now owns 10,850 shares of the company’s stock worth $342,000 after buying an additional 2,725 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in Simplify Hedged Equity ETF in the 2nd quarter valued at about $197,000.

Simplify Hedged Equity ETF Stock Performance

NYSEARCA:HEQT traded down $0.08 during mid-day trading on Thursday, hitting $34.70. 20,034 shares of the company’s stock traded hands, compared to its average volume of 72,242. The firm’s 50 day simple moving average is $34.37 and its 200 day simple moving average is $33.45. Simplify Hedged Equity ETF has a 1 year low of $30.72 and a 1 year high of $34.82. The company has a market cap of $323.40 million, a PE ratio of 25.09 and a beta of 0.47.

Simplify Hedged Equity ETF 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.