Principal Securities Inc. Buys New Position in Simplify Hedged Equity ETF (NYSEARCA:HEQT)

Principal Securities Inc. purchased a new position in shares of Simplify Hedged Equity ETF (NYSEARCA:HEQT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,000 shares of the company’s stock, valued at approximately $29,000.

Several other large investors have also modified their holdings of the stock. JPMorgan Chase & Co. raised its stake in shares of 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 buying an additional 2,466 shares in the last quarter. Stephens Inc. AR acquired a new stake in shares of Simplify Hedged Equity ETF during the 4th quarter worth about $996,000. WealthPlan Investment Management LLC raised its holdings in Simplify Hedged Equity ETF by 65.0% in the 4th quarter. WealthPlan Investment Management LLC now owns 599,917 shares of the company’s stock valued at $17,686,000 after acquiring an additional 236,306 shares during the last quarter. Financial Enhancement Group LLC lifted its holdings in shares of Simplify Hedged Equity ETF by 1,232.1% during the 3rd quarter. Financial Enhancement Group LLC now owns 435,918 shares of the company’s stock worth $12,589,000 after acquiring an additional 403,195 shares during the period. Finally, Lionsbridge Wealth Management LLC boosted its holdings in shares of Simplify Hedged Equity ETF by 29.8% in the 3rd quarter. Lionsbridge Wealth Management LLC now owns 124,830 shares of the company’s stock valued at $3,605,000 after purchasing an additional 28,692 shares during the last quarter.

Simplify Hedged Equity ETF Price Performance

Simplify Hedged Equity ETF stock opened at $29.92 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 50-day moving average is $29.94 and its 200-day moving average is $29.35. The company has a market cap of $176.53 million, a price-to-earnings ratio of 23.07 and a beta of 0.51.

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.