Assetmark Inc. Invests $35,000 in Simplify Hedged Equity ETF (NYSEARCA:HEQT)

Assetmark Inc. bought a new position in Simplify Hedged Equity ETF (NYSEARCA:HEQT) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,175 shares of the company’s stock, valued at approximately $35,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of HEQT. Hilltop Holdings Inc. purchased a new position in Simplify Hedged Equity ETF in the 3rd quarter worth about $431,000. Harmony Asset Management LLC increased its holdings in Simplify Hedged Equity ETF by 31.9% during the 3rd quarter. Harmony Asset Management LLC now owns 76,927 shares of the company’s stock worth $2,222,000 after purchasing an additional 18,605 shares during the period. JPMorgan Chase & Co. increased its holdings in Simplify Hedged Equity ETF by 319.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,238 shares of the company’s stock worth $94,000 after purchasing an additional 2,466 shares during the period. Ameritas Advisory Services LLC increased its stake in shares of Simplify Hedged Equity ETF by 27.9% during the fourth quarter. Ameritas Advisory Services LLC now owns 415,541 shares of the company’s stock valued at $12,250,000 after buying an additional 90,549 shares during the period. Finally, Lionsbridge Wealth Management LLC increased its stake in shares of Simplify Hedged Equity ETF by 40.8% during the fourth quarter. Lionsbridge Wealth Management LLC now owns 175,711 shares of the company’s stock valued at $5,180,000 after buying an additional 50,881 shares during the period.

Simplify Hedged Equity ETF Trading Up 0.7 %

Shares of Simplify Hedged Equity ETF stock opened at $28.82 on Friday. Simplify Hedged Equity ETF has a 12 month low of $25.77 and a 12 month high of $30.53. The stock’s fifty day moving average price is $29.81 and its 200-day moving average price is $29.44. The firm has a market cap of $391.95 million, a P/E ratio of 26.33 and a beta of 0.49.

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.