Simplify Hedged Equity ETF $HEQT Shares Sold by Alpine Bank Wealth Management

Alpine Bank Wealth Management lowered its stake in Simplify Hedged Equity ETF (NYSEARCA:HEQT) by 100.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 901 shares of the company’s stock after selling 1,851,757 shares during the period. Alpine Bank Wealth Management’s holdings in Simplify Hedged Equity ETF were worth $27,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Keudell Morrison Wealth Management raised its holdings in Simplify Hedged Equity ETF by 62.5% in the first quarter. Keudell Morrison Wealth Management now owns 839,669 shares of the company’s stock valued at $23,994,000 after acquiring an additional 323,081 shares in the last quarter. Stratos Investment Management LLC acquired a new stake in shares of Simplify Hedged Equity ETF in the 1st quarter valued at $5,634,000. Farther Finance Advisors LLC acquired a new stake in shares of Simplify Hedged Equity ETF in the 1st quarter valued at $4,858,000. Envestnet Asset Management Inc. lifted its position in shares of Simplify Hedged Equity ETF by 140.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 290,085 shares of the company’s stock worth $8,289,000 after purchasing an additional 169,301 shares during the last quarter. Finally, Private Advisor Group LLC grew its stake in shares of Simplify Hedged Equity ETF by 17.7% during the first quarter. Private Advisor Group LLC now owns 819,883 shares of the company’s stock worth $23,428,000 after purchasing an additional 123,200 shares in the last quarter.

Simplify Hedged Equity ETF Price Performance

NYSEARCA:HEQT opened at $31.18 on Tuesday. Simplify Hedged Equity ETF has a 12 month low of $27.05 and a 12 month high of $31.31. The firm has a market capitalization of $313.98 million, a PE ratio of 25.09 and a beta of 0.42. The business’s fifty day moving average price is $30.77 and its 200 day moving average price is $29.72.

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.