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

Parallel Advisors LLC trimmed its holdings in Simplify Hedged Equity ETF (NYSEARCA:HEQT) by 27.1% in the first quarter, HoldingsChannel.com reports. The firm owned 64,518 shares of the company’s stock after selling 23,967 shares during the quarter. Parallel Advisors LLC’s holdings in Simplify Hedged Equity ETF were worth $2,032,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Private Advisor Group LLC lifted its position in Simplify Hedged Equity ETF by 466.8% in the fourth quarter. Private Advisor Group LLC now owns 1,120,557 shares of the company’s stock valued at $35,914,000 after acquiring an additional 922,843 shares during the last quarter. Keudell Morrison Wealth Management acquired a new stake in shares of Simplify Hedged Equity ETF during the fourth quarter worth about $16,574,000. Leo Wealth LLC acquired a new stake in shares of Simplify Hedged Equity ETF during the fourth quarter worth about $10,625,000. Kovack Advisors Inc. purchased a new stake in shares of Simplify Hedged Equity ETF in the 4th quarter valued at about $6,298,000. Finally, TSG Advice Partners LLC purchased a new position in Simplify Hedged Equity ETF during the 1st quarter worth approximately $5,848,000.

Simplify Hedged Equity ETF Stock Up 0.5%

HEQT opened at $33.73 on Wednesday. Simplify Hedged Equity ETF has a 52 week low of $30.16 and a 52 week high of $33.79. The business’s 50 day moving average is $33.43 and its two-hundred day moving average is $32.66. The firm has a market cap of $300.20 million, a price-to-earnings ratio of 25.09 and a beta of 0.47.

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.