Kovack Advisors Inc. Acquires Shares of 196,509 Simplify Hedged Equity ETF $HEQT

Kovack Advisors Inc. acquired a new stake in shares of Simplify Hedged Equity ETF (NYSEARCA:HEQT) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 196,509 shares of the company’s stock, valued at approximately $6,298,000.

Several other large investors have also bought and sold shares of the company. Western Wealth Management LLC boosted its position in shares of Simplify Hedged Equity ETF by 5.9% in the 3rd quarter. Western Wealth Management LLC now owns 12,826 shares of the company’s stock worth $401,000 after purchasing an additional 719 shares in the last quarter. Hilltop Holdings Inc. boosted its position in shares of Simplify Hedged Equity ETF by 5.7% in the 3rd quarter. Hilltop Holdings Inc. now owns 15,722 shares of the company’s stock worth $491,000 after purchasing an additional 851 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Simplify Hedged Equity ETF by 26.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,339 shares of the company’s stock worth $136,000 after purchasing an additional 921 shares in the last quarter. Cambridge Advisors Inc. boosted its position in shares of Simplify Hedged Equity ETF by 3.1% in the 4th quarter. Cambridge Advisors Inc. now owns 32,539 shares of the company’s stock worth $1,043,000 after purchasing an additional 974 shares in the last quarter. Finally, Brookwood Investment Group LLC boosted its position in shares of Simplify Hedged Equity ETF by 12.6% in the 4th quarter. Brookwood Investment Group LLC now owns 10,989 shares of the company’s stock worth $352,000 after purchasing an additional 1,234 shares in the last quarter.

Simplify Hedged Equity ETF Stock Up 0.7%

Shares of HEQT opened at $33.24 on Friday. The business’s 50 day moving average price is $32.83 and its 200-day moving average price is $32.36. Simplify Hedged Equity ETF has a 52 week low of $29.50 and a 52 week high of $33.60. The stock has a market cap of $324.09 million, a P/E ratio of 25.09 and a beta of 0.47.

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.