Sowell Financial Services LLC Buys New Stake in Simplify Hedged Equity ETF $HEQT

Sowell Financial Services LLC bought a new position in shares of Simplify Hedged Equity ETF (NYSEARCA:HEQT) during the third quarter, Holdings Channel reports. The fund bought 94,780 shares of the company’s stock, valued at approximately $3,253,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC acquired a new position in shares of Simplify Hedged Equity ETF during the second quarter worth $197,000. Royal Bank of Canada lifted its holdings in Simplify Hedged Equity ETF by 33.5% during the 1st quarter. Royal Bank of Canada now owns 10,850 shares of the company’s stock worth $342,000 after buying an additional 2,725 shares during the period. Diversify Wealth Management LLC bought a new stake in shares of Simplify Hedged Equity ETF in the 1st quarter valued at about $371,000. Citadel Advisors LLC bought a new stake in shares of Simplify Hedged Equity ETF in the 2nd quarter valued at about $516,000. Finally, First Heartland Consultants Inc. grew its position in shares of Simplify Hedged Equity ETF by 53.9% in the 2nd quarter. First Heartland Consultants Inc. now owns 18,332 shares of the company’s stock valued at $615,000 after buying an additional 6,422 shares during the last quarter.

Simplify Hedged Equity ETF Trading Up 0.3%

Shares of HEQT stock opened at $34.67 on Thursday. The stock has a market cap of $317.23 million, a price-to-earnings ratio of 25.09 and a beta of 0.47. The stock has a 50-day moving average of $34.46 and a 200-day moving average of $33.68. Simplify Hedged Equity ETF has a 1-year low of $30.72 and a 1-year high of $34.98.

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.