HighTower Advisors LLC boosted its position in Simplify Hedged Equity ETF (NYSEARCA:HEQT – Free Report) by 76.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 301,468 shares of the company’s stock after acquiring an additional 130,611 shares during the period. HighTower Advisors LLC owned 5.11% of Simplify Hedged Equity ETF worth $8,887,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in HEQT. Principal Securities Inc. bought a new position in Simplify Hedged Equity ETF during the fourth quarter worth about $29,000. Assetmark Inc. bought a new position in Simplify Hedged Equity ETF during the fourth quarter worth about $35,000. JPMorgan Chase & Co. boosted its holdings in Simplify Hedged Equity ETF by 319.4% during the third quarter. JPMorgan Chase & Co. now owns 3,238 shares of the company’s stock worth $94,000 after buying an additional 2,466 shares during the last quarter. Bay Rivers Group bought a new position in Simplify Hedged Equity ETF during the fourth quarter worth about $383,000. Finally, Hilltop Holdings Inc. bought a new position in Simplify Hedged Equity ETF during the third quarter worth about $431,000.
Simplify Hedged Equity ETF Trading Up 0.3 %
Shares of HEQT opened at $28.90 on Tuesday. Simplify Hedged Equity ETF has a 1 year low of $25.77 and a 1 year high of $30.53. The stock has a market cap of $393.04 million, a P/E ratio of 26.33 and a beta of 0.49. The stock’s 50-day moving average price is $29.79 and its two-hundred day moving average price is $29.46.
About Simplify Hedged Equity ETF
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.
Further Reading
- Five stocks we like better than Simplify Hedged Equity ETF
- 3 Stocks to Protect Your Portfolio from the Coronavirus Contagion
- Can TikTok Stock Picks Really Make You Rich?
- Why Invest in High-Yield Dividend Stocks?
- The “Quality” Rotation: Back to Basics Investing
- How to Calculate Options Profits
- Occidental Petroleum: 4 Reasons to Love These Prices
Want to see what other hedge funds are holding HEQT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Simplify Hedged Equity ETF (NYSEARCA:HEQT – Free Report).
Receive News & Ratings for Simplify Hedged Equity ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Simplify Hedged Equity ETF and related companies with MarketBeat.com's FREE daily email newsletter.