WealthPLAN Partners LLC Sells 29,920 Shares of Simplify Hedged Equity ETF (NYSEARCA:HEQT)

WealthPLAN Partners LLC reduced its holdings in Simplify Hedged Equity ETF (NYSEARCA:HEQT) by 5.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 534,413 shares of the company’s stock after selling 29,920 shares during the quarter. Simplify Hedged Equity ETF accounts for approximately 2.2% of WealthPLAN Partners LLC’s portfolio, making the stock its 7th largest position. WealthPLAN Partners LLC owned 0.09% of Simplify Hedged Equity ETF worth $15,755,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of HEQT. JPMorgan Chase & Co. increased its stake in Simplify Hedged Equity ETF by 319.4% in the third quarter. JPMorgan Chase & Co. now owns 3,238 shares of the company’s stock valued at $94,000 after purchasing an additional 2,466 shares in the last quarter. Bay Rivers Group bought a new stake in Simplify Hedged Equity ETF in the fourth quarter valued at approximately $383,000. Hilltop Holdings Inc. bought a new stake in Simplify Hedged Equity ETF in the third quarter valued at approximately $431,000. Stephens Inc. AR bought a new stake in Simplify Hedged Equity ETF in the fourth quarter valued at approximately $996,000. Finally, Peterson Wealth Advisors LLC increased its stake in Simplify Hedged Equity ETF by 42.4% in the fourth quarter. Peterson Wealth Advisors LLC now owns 53,619 shares of the company’s stock valued at $1,594,000 after purchasing an additional 15,956 shares in the last quarter.

Simplify Hedged Equity ETF Stock Performance

Shares of NYSEARCA:HEQT opened at $30.40 on Friday. Simplify Hedged Equity ETF has a 52 week low of $25.76 and a 52 week high of $30.46. The company has a market capitalization of $179.36 million, a PE ratio of 23.07 and a beta of 0.51. The company has a 50 day moving average price of $29.92 and a two-hundred day moving average price of $29.17.

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.