Parallel Advisors LLC Decreases Stock Position in Simplify Hedged Equity ETF $HEQT

Parallel Advisors LLC lessened its stake in Simplify Hedged Equity ETF (NYSEARCA:HEQT) by 27.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 64,518 shares of the company’s stock after selling 23,967 shares during the period. Parallel Advisors LLC owned about 0.66% of Simplify Hedged Equity ETF worth $2,032,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Private Advisor Group LLC grew its position in Simplify Hedged Equity ETF by 466.8% during the 4th quarter. Private Advisor Group LLC now owns 1,120,557 shares of the company’s stock worth $35,914,000 after acquiring an additional 922,843 shares during the last quarter. CWM LLC lifted its position in Simplify Hedged Equity ETF by 3.3% in the fourth quarter. CWM LLC now owns 605,285 shares of the company’s stock valued at $19,399,000 after purchasing an additional 19,064 shares during the last quarter. Keudell Morrison Wealth Management bought a new stake in Simplify Hedged Equity ETF in the fourth quarter valued at approximately $16,574,000. LPL Financial LLC boosted its stake in shares of Simplify Hedged Equity ETF by 13.2% during the fourth quarter. LPL Financial LLC now owns 459,311 shares of the company’s stock valued at $14,721,000 after purchasing an additional 53,482 shares during the period. Finally, MML Investors Services LLC boosted its stake in shares of Simplify Hedged Equity ETF by 39.1% during the second quarter. MML Investors Services LLC now owns 333,975 shares of the company’s stock valued at $10,036,000 after purchasing an additional 93,959 shares during the period.

Simplify Hedged Equity ETF Stock Performance

Shares of Simplify Hedged Equity ETF stock opened at $34.37 on Friday. Simplify Hedged Equity ETF has a 52-week low of $30.44 and a 52-week high of $34.46. The stock has a market capitalization of $302.46 million, a price-to-earnings ratio of 25.09 and a beta of 0.47. The company’s 50 day moving average price is $33.54 and its 200-day moving average price is $32.78.

Simplify Hedged Equity ETF Company 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.