Simplify Hedged Equity ETF $HEQT Shares Sold by Parallel Advisors LLC

Parallel Advisors LLC cut its stake in Simplify Hedged Equity ETF (NYSEARCA:HEQT) by 27.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,518 shares of the company’s stock after selling 23,967 shares during the period. Parallel Advisors LLC owned about 0.66% of Simplify Hedged Equity ETF worth $2,032,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. US Bancorp DE purchased a new stake in Simplify Hedged Equity ETF during the 3rd quarter worth about $42,000. Kestra Advisory Services LLC acquired a new position in shares of Simplify Hedged Equity ETF during the fourth quarter worth about $50,000. Advisors Preferred LLC acquired a new position in shares of Simplify Hedged Equity ETF during the fourth quarter worth about $112,000. JPMorgan Chase & Co. increased its stake in shares of Simplify Hedged Equity ETF by 26.9% during the third quarter. JPMorgan Chase & Co. now owns 4,339 shares of the company’s stock worth $136,000 after buying an additional 921 shares during the period. Finally, Chatterton & Associates Inc. purchased a new stake in shares of Simplify Hedged Equity ETF during the fourth quarter worth approximately $222,000.

Simplify Hedged Equity ETF Stock Up 0.5%

Shares of NYSEARCA:HEQT opened at $33.73 on Wednesday. The firm’s 50 day moving average price is $33.43 and its 200 day moving average price is $32.66. The stock has a market cap of $300.20 million, a price-to-earnings ratio of 25.09 and a beta of 0.47. Simplify Hedged Equity ETF has a fifty-two week low of $30.16 and a fifty-two week high of $33.79.

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.