Parallel Advisors LLC Reduces Stock Position in Simplify Hedged Equity ETF $HEQT

Parallel Advisors LLC cut its holdings in Simplify Hedged Equity ETF (NYSEARCA:HEQT) by 27.1% during the 1st quarter, Holdings Channel reports. The firm owned 64,518 shares of the company’s stock after selling 23,967 shares during the period. Parallel Advisors LLC’s holdings in Simplify Hedged Equity ETF were worth $2,032,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Jane Street Group LLC raised its position in Simplify Hedged Equity ETF by 844.9% during the 2nd quarter. Jane Street Group LLC now owns 66,174 shares of the company’s stock valued at $1,989,000 after purchasing an additional 59,171 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of Simplify Hedged Equity ETF in the 2nd quarter worth approximately $496,000. MML Investors Services LLC grew its position in shares of Simplify Hedged Equity ETF by 39.1% in the 2nd quarter. MML Investors Services LLC now owns 333,975 shares of the company’s stock worth $10,036,000 after buying an additional 93,959 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Simplify Hedged Equity ETF by 4,094.3% during the second quarter. Smartleaf Asset Management LLC now owns 16,777 shares of the company’s stock valued at $503,000 after buying an additional 16,377 shares during the period. Finally, Advisory Services Network LLC increased its stake in shares of Simplify Hedged Equity ETF by 9.4% during the second quarter. Advisory Services Network LLC now owns 44,769 shares of the company’s stock valued at $1,363,000 after buying an additional 3,856 shares during the period.

Simplify Hedged Equity ETF Stock Up 0.1%

Shares of Simplify Hedged Equity ETF stock opened at $34.37 on Friday. The company has a market cap of $302.46 million, a PE ratio of 25.09 and a beta of 0.47. The business has a 50 day moving average of $33.54 and a 200 day moving average of $32.78. Simplify Hedged Equity ETF has a 52 week low of $30.44 and a 52 week high of $34.46.

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.