Foundations Investment Advisors LLC Sells 4,793 Shares of Simplify Hedged Equity ETF (NYSEARCA:HEQT)

Foundations Investment Advisors LLC decreased its stake in Simplify Hedged Equity ETF (NYSEARCA:HEQT) by 40.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,944 shares of the company’s stock after selling 4,793 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Simplify Hedged Equity ETF were worth $201,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of HEQT. Wealth Enhancement Advisory Services LLC bought a new stake in Simplify Hedged Equity ETF during the first quarter worth about $2,215,000. Norden Group LLC bought a new stake in Simplify Hedged Equity ETF during the 1st quarter worth approximately $5,014,000. Private Advisor Group LLC increased its holdings in Simplify Hedged Equity ETF by 12.6% during the 1st quarter. Private Advisor Group LLC now owns 39,732 shares of the company’s stock valued at $1,053,000 after purchasing an additional 4,461 shares in the last quarter. Diversify Advisory Services LLC bought a new position in Simplify Hedged Equity ETF in the 1st quarter valued at $769,000. Finally, Prosperity Consulting Group LLC bought a new position in Simplify Hedged Equity ETF in the 1st quarter valued at $3,383,000.

Simplify Hedged Equity ETF Stock Performance

Shares of HEQT stock opened at $29.19 on Monday. Simplify Hedged Equity ETF has a 52 week low of $23.70 and a 52 week high of $29.34. The stock has a market capitalization of $172.22 million, a PE ratio of 23.07 and a beta of 0.51. The stock’s fifty day moving average is $28.63 and its 200-day moving average is $27.71.

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.