Stegent Equity Advisors Inc. Trims Stake in Simplify Enhanced Income ETF $HIGH

Stegent Equity Advisors Inc. reduced its stake in Simplify Enhanced Income ETF (NYSEARCA:HIGH) by 58.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 34,910 shares of the company’s stock after selling 49,081 shares during the quarter. Stegent Equity Advisors Inc.’s holdings in Simplify Enhanced Income ETF were worth $745,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of HIGH. Key Capital Management INC purchased a new stake in Simplify Enhanced Income ETF in the fourth quarter worth about $2,223,000. Elevated Capital Advisors LLC lifted its position in shares of Simplify Enhanced Income ETF by 20.8% during the 4th quarter. Elevated Capital Advisors LLC now owns 420,805 shares of the company’s stock valued at $9,388,000 after buying an additional 72,510 shares in the last quarter. Principal Securities Inc. grew its stake in shares of Simplify Enhanced Income ETF by 15.2% during the 4th quarter. Principal Securities Inc. now owns 599,795 shares of the company’s stock valued at $13,381,000 after acquiring an additional 78,956 shares during the period. Howard Bailey Securities LLC bought a new position in shares of Simplify Enhanced Income ETF during the 4th quarter valued at approximately $1,792,000. Finally, FSA Advisors Inc. purchased a new stake in Simplify Enhanced Income ETF in the 4th quarter worth approximately $1,396,000.

Simplify Enhanced Income ETF Stock Performance

NYSEARCA HIGH opened at $21.63 on Thursday. Simplify Enhanced Income ETF has a 12 month low of $21.16 and a 12 month high of $24.97. The company’s 50 day moving average is $21.60 and its two-hundred day moving average is $21.80.

Simplify Enhanced Income ETF Profile

The Simplify Enhanced Income ETF (HIGH) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund seeks to provide monthly income by holding a short-term portfolio of income-producing US Treasurys and utilizing an option spread writing strategy. HIGH was launched on Oct 27, 2022 and is managed by Simplify.