51,175 Simplify Hedged Equity ETF $HEQT Shares Sold by WealthPlan Investment Management LLC

WealthPlan Investment Management LLC cut its holdings in Simplify Hedged Equity ETF (NYSEARCA:HEQT) by 17.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 249,031 shares of the company’s stock after selling 51,175 shares during the period. WealthPlan Investment Management LLC owned approximately 2.67% of Simplify Hedged Equity ETF worth $8,547,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. First Heartland Consultants Inc. bought a new stake in shares of Simplify Hedged Equity ETF during the third quarter valued at approximately $677,000. Financial Enhancement Group LLC bought a new stake in Simplify Hedged Equity ETF during the third quarter worth about $4,513,000. Envestnet Asset Management Inc. boosted its position in shares of Simplify Hedged Equity ETF by 13.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 152,958 shares of the company’s stock worth $5,130,000 after purchasing an additional 17,893 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Simplify Hedged Equity ETF in the 2nd quarter worth approximately $197,000. Finally, Citadel Advisors LLC bought a new stake in Simplify Hedged Equity ETF in the second quarter worth $516,000.

Simplify Hedged Equity ETF Price Performance

Simplify Hedged Equity ETF stock traded up $0.04 during mid-day trading on Thursday, reaching $34.58. The stock had a trading volume of 23,351 shares, compared to its average volume of 72,466. The company has a market capitalization of $322.24 million, a price-to-earnings ratio of 25.09 and a beta of 0.47. Simplify Hedged Equity ETF has a one year low of $30.72 and a one year high of $34.84. The company has a 50-day moving average price of $34.45 and a two-hundred day moving average price of $33.57.

Simplify Hedged Equity ETF 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.