Sound Financial Strategies Group LLC Makes New $2.52 Million Investment in Simplify Hedged Equity ETF $HEQT

Sound Financial Strategies Group LLC purchased a new stake in Simplify Hedged Equity ETF (NYSEARCA:HEQT) in the 3rd quarter, Holdings Channel reports. The firm purchased 80,535 shares of the company’s stock, valued at approximately $2,516,000. Simplify Hedged Equity ETF makes up 1.8% of Sound Financial Strategies Group LLC’s portfolio, making the stock its 14th largest position.

Several other large investors have also modified their holdings of the stock. WealthPlan Investment Management LLC boosted its position in shares of Simplify Hedged Equity ETF by 42.3% in the second quarter. WealthPlan Investment Management LLC now owns 658,530 shares of the company’s stock worth $19,789,000 after acquiring an additional 195,820 shares during the last quarter. Stephens Inc. AR raised its stake in Simplify Hedged Equity ETF by 193.5% during the second quarter. Stephens Inc. AR now owns 269,709 shares of the company’s stock worth $8,105,000 after purchasing an additional 177,825 shares during the period. Leo Wealth LLC acquired a new position in Simplify Hedged Equity ETF in the second quarter valued at $4,566,000. Belpointe Asset Management LLC acquired a new position in Simplify Hedged Equity ETF in the second quarter valued at $4,201,000. Finally, Meridian Wealth Management LLC grew its position in Simplify Hedged Equity ETF by 1,413.1% during the second quarter. Meridian Wealth Management LLC now owns 119,112 shares of the company’s stock valued at $3,579,000 after acquiring an additional 111,240 shares during the period.

Simplify Hedged Equity ETF Price Performance

Shares of NYSEARCA:HEQT opened at $32.26 on Friday. The business has a 50-day moving average of $31.87 and a two-hundred day moving average of $31.16. The firm has a market capitalization of $332.92 million, a PE ratio of 25.09 and a beta of 0.48. Simplify Hedged Equity ETF has a 12 month low of $27.05 and a 12 month high of $32.42.

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.