SFG Wealth Management LLC. Invests $1.06 Million in Simplify Hedged Equity ETF (NYSEARCA:HEQT)

SFG Wealth Management LLC. bought a new position in Simplify Hedged Equity ETF (NYSEARCA:HEQT) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 36,936 shares of the company’s stock, valued at approximately $1,055,000. SFG Wealth Management LLC. owned about 0.26% of Simplify Hedged Equity ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Principal Securities Inc. acquired a new position in shares of Simplify Hedged Equity ETF in the 4th quarter valued at $29,000. Assetmark Inc. acquired a new position in Simplify Hedged Equity ETF in the fourth quarter valued at $35,000. JPMorgan Chase & Co. boosted its holdings in Simplify Hedged Equity ETF by 12.1% in the fourth quarter. JPMorgan Chase & Co. now owns 3,630 shares of the company’s stock valued at $107,000 after acquiring an additional 392 shares during the last quarter. Betterment LLC purchased a new stake in Simplify Hedged Equity ETF during the fourth quarter valued at about $230,000. Finally, Golden State Wealth Management LLC acquired a new stake in Simplify Hedged Equity ETF during the first quarter worth about $295,000.

Simplify Hedged Equity ETF Stock Performance

Shares of NYSEARCA:HEQT opened at $29.93 on Thursday. The stock has a 50-day simple moving average of $29.19 and a 200-day simple moving average of $29.35. The stock has a market capitalization of $331.62 million, a P/E ratio of 25.09 and a beta of 0.50. Simplify Hedged Equity ETF has a 1 year low of $26.71 and a 1 year high of $30.53.

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.