Parallel Advisors LLC Invests $2.34 Million in Simplify Hedged Equity ETF $HEQT

Parallel Advisors LLC purchased a new stake in shares of Simplify Hedged Equity ETF (NYSEARCA:HEQT) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 75,022 shares of the company’s stock, valued at approximately $2,343,000. Parallel Advisors LLC owned 0.78% of Simplify Hedged Equity ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Meridian Wealth Management LLC grew its position in Simplify Hedged Equity ETF by 1,413.1% in the 2nd quarter. Meridian Wealth Management LLC now owns 119,112 shares of the company’s stock valued at $3,579,000 after buying an additional 111,240 shares in the last quarter. Ameritas Advisory Services LLC raised its position in shares of Simplify Hedged Equity ETF by 79.5% during the 3rd quarter. Ameritas Advisory Services LLC now owns 246,833 shares of the company’s stock worth $7,710,000 after buying an additional 109,291 shares in the last quarter. MML Investors Services LLC raised its position in shares of 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 worth $10,036,000 after buying an additional 93,959 shares in the last quarter. Sowell Financial Services LLC acquired a new stake in shares of Simplify Hedged Equity ETF in the 3rd quarter worth approximately $2,753,000. Finally, Sound Financial Strategies Group LLC acquired a new stake in shares of Simplify Hedged Equity ETF in the 3rd quarter worth approximately $2,516,000.

Simplify Hedged Equity ETF Price Performance

Simplify Hedged Equity ETF stock opened at $32.19 on Tuesday. Simplify Hedged Equity ETF has a 12-month low of $27.05 and a 12-month high of $32.78. The stock has a market capitalization of $341.21 million, a PE ratio of 25.09 and a beta of 0.48. The firm has a 50 day simple moving average of $32.35 and a 200-day simple moving average of $31.78.

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.