Flagship Harbor Advisors LLC Makes New Investment in Simplify Hedged Equity ETF (NYSEARCA:HEQT)

Flagship Harbor Advisors LLC bought a new position in shares of Simplify Hedged Equity ETF (NYSEARCA:HEQT) in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 114,310 shares of the company’s stock, valued at approximately $2,836,000. Flagship Harbor Advisors LLC owned approximately 2.66% of Simplify Hedged Equity ETF at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Smith Moore & CO. grew its stake in shares of Simplify Hedged Equity ETF by 0.6% during the 4th quarter. Smith Moore & CO. now owns 135,184 shares of the company’s stock worth $3,051,000 after acquiring an additional 794 shares in the last quarter. Lionsbridge Wealth Management LLC grew its stake in shares of Simplify Hedged Equity ETF by 5.9% during the 1st quarter. Lionsbridge Wealth Management LLC now owns 33,893 shares of the company’s stock worth $801,000 after acquiring an additional 1,891 shares in the last quarter. Advisor Group Holdings Inc. grew its holdings in shares of Simplify Hedged Equity ETF by 286.8% in the 4th quarter. Advisor Group Holdings Inc. now owns 3,141 shares of the company’s stock valued at $71,000 after acquiring an additional 2,329 shares in the last quarter. UBS Group AG bought a new position in shares of Simplify Hedged Equity ETF in the 1st quarter valued at about $62,000. Finally, TD Capital Management LLC grew its holdings in shares of Simplify Hedged Equity ETF by 55.9% in the 4th quarter. TD Capital Management LLC now owns 11,336 shares of the company’s stock valued at $256,000 after acquiring an additional 4,067 shares in the last quarter.

Simplify Hedged Equity ETF Price Performance

Shares of NYSEARCA HEQT opened at $25.06 on Friday. The stock has a market capitalization of $109.01 million, a price-to-earnings ratio of 21.66 and a beta of 0.42. The business has a 50-day moving average of $25.01 and a 200-day moving average of $24.34. Simplify Hedged Equity ETF has a fifty-two week low of $20.53 and a fifty-two week high of $27.25.

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.