Cwm LLC Increases Position in Simplify Hedged Equity ETF (NYSEARCA:HEQT)

Cwm LLC increased its stake in Simplify Hedged Equity ETF (NYSEARCA:HEQT) by 6.5% in the 1st quarter, Holdings Channel reports. The fund owned 540,212 shares of the company’s stock after buying an additional 32,988 shares during the quarter. Cwm LLC’s holdings in Simplify Hedged Equity ETF were worth $15,437,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HEQT. Alpine Bank Wealth Management purchased a new stake in Simplify Hedged Equity ETF during the first quarter valued at about $52,940,000. LPL Financial LLC boosted its position in Simplify Hedged Equity ETF by 195.6% during the fourth quarter. LPL Financial LLC now owns 1,086,617 shares of the company’s stock valued at $32,033,000 after buying an additional 719,048 shares during the period. Keudell Morrison Wealth Management boosted its position in Simplify Hedged Equity ETF by 62.5% during the first quarter. Keudell Morrison Wealth Management now owns 839,669 shares of the company’s stock valued at $23,994,000 after buying an additional 323,081 shares during the period. Stratos Investment Management LLC purchased a new stake in Simplify Hedged Equity ETF during the first quarter valued at about $5,634,000. Finally, Farther Finance Advisors LLC bought a new position in shares of Simplify Hedged Equity ETF during the first quarter valued at about $4,858,000.

Simplify Hedged Equity ETF Price Performance

NYSEARCA HEQT opened at $30.24 on Tuesday. The stock has a market capitalization of $324.32 million, a PE ratio of 25.09 and a beta of 0.42. Simplify Hedged Equity ETF has a 1 year low of $26.71 and a 1 year high of $30.53. The business’s 50-day moving average is $29.60 and its 200 day moving average is $29.36.

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.