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

Sowell Financial Services LLC acquired a new stake in Simplify Hedged Equity ETF (NYSEARCA:HEQT) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 94,780 shares of the company’s stock, valued at approximately $3,253,000. Sowell Financial Services LLC owned about 1.04% of Simplify Hedged Equity ETF at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in HEQT. WealthPLAN Partners LLC bought a new stake in Simplify Hedged Equity ETF during the third quarter worth $3,605,000. First Heartland Consultants Inc. bought a new stake in shares of Simplify Hedged Equity ETF during the 3rd quarter worth $677,000. Financial Enhancement Group LLC bought a new stake in shares of Simplify Hedged Equity ETF during the 3rd quarter worth $4,513,000. Envestnet Asset Management Inc. lifted its position in shares of Simplify Hedged Equity ETF by 13.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 152,958 shares of the company’s stock worth $5,130,000 after buying an additional 17,893 shares during the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in Simplify Hedged Equity ETF in the second quarter valued at about $197,000.

Simplify Hedged Equity ETF Stock Up 0.3%

NYSEARCA:HEQT opened at $34.67 on Thursday. Simplify Hedged Equity ETF has a twelve month low of $30.72 and a twelve month high of $34.98. The stock’s 50-day simple moving average is $34.46 and its 200 day simple moving average is $33.68. The firm has a market capitalization of $317.23 million, a PE ratio of 25.09 and a beta of 0.47.

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. HEQT was launched on Nov 1, 2021 and is managed by Simplify.