ARQ Wealth Advisors LLC Sells 1,031 Shares of Simplify Hedged Equity ETF (NYSEARCA:HEQT)

ARQ Wealth Advisors LLC lowered its stake in Simplify Hedged Equity ETF (NYSEARCA:HEQT) by 0.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 240,950 shares of the company’s stock after selling 1,031 shares during the quarter. Simplify Hedged Equity ETF accounts for approximately 2.6% of ARQ Wealth Advisors LLC’s portfolio, making the stock its 16th largest position. ARQ Wealth Advisors LLC’s holdings in Simplify Hedged Equity ETF were worth $6,885,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Jane Street Group LLC bought a new stake in Simplify Hedged Equity ETF during the 4th quarter valued at $453,000. Golden State Wealth Management LLC bought a new stake in Simplify Hedged Equity ETF during the 1st quarter valued at $147,000. Envestnet Asset Management Inc. increased its stake in Simplify Hedged Equity ETF by 282.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 120,784 shares of the company’s stock valued at $3,561,000 after purchasing an additional 89,198 shares in the last quarter. LPL Financial LLC increased its stake in Simplify Hedged Equity ETF by 195.6% during the 4th quarter. LPL Financial LLC now owns 1,086,617 shares of the company’s stock valued at $32,033,000 after purchasing an additional 719,048 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Simplify Hedged Equity ETF by 12.1% during the 4th quarter. JPMorgan Chase & Co. now owns 3,630 shares of the company’s stock valued at $107,000 after purchasing an additional 392 shares in the last quarter.

Simplify Hedged Equity ETF Price Performance

HEQT opened at $30.25 on Friday. The company has a market capitalization of $338.80 million, a price-to-earnings ratio of 25.09 and a beta of 0.42. The firm’s fifty day moving average price is $29.75 and its two-hundred day moving average price is $29.38. Simplify Hedged Equity ETF has a 1 year low of $26.71 and a 1 year high of $30.53.

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.