Smith Moore & CO. Trims Position in Simplify Hedged Equity ETF (NYSEARCA:HEQT)

Smith Moore & CO. cut its stake in shares of Simplify Hedged Equity ETF (NYSEARCA:HEQT) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 197,103 shares of the company’s stock after selling 3,700 shares during the period. Smith Moore & CO. owned 3.34% of Simplify Hedged Equity ETF worth $5,811,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hilltop Holdings Inc. purchased a new stake in shares of Simplify Hedged Equity ETF in the third quarter worth $431,000. JPMorgan Chase & Co. boosted its position 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 valued at $94,000 after acquiring an additional 2,466 shares during the last quarter. Ameritas Advisory Services LLC boosted its position in shares of Simplify Hedged Equity ETF by 27.9% during the 4th quarter. Ameritas Advisory Services LLC now owns 415,541 shares of the company’s stock valued at $12,250,000 after acquiring an additional 90,549 shares during the last quarter. Lionsbridge Wealth Management LLC grew its holdings 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 worth $5,180,000 after purchasing an additional 50,881 shares in the last quarter. Finally, Peterson Wealth Advisors LLC increased its position in shares of 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 worth $1,594,000 after purchasing an additional 15,956 shares during the last quarter.

Simplify Hedged Equity ETF Price Performance

Shares of Simplify Hedged Equity ETF stock opened at $28.18 on Friday. Simplify Hedged Equity ETF has a 1 year low of $25.77 and a 1 year high of $30.53. The firm has a market cap of $394.52 million, a PE ratio of 25.34 and a beta of 0.49. The company has a 50 day simple moving average of $29.53 and a two-hundred day simple moving average of $29.49.

Simplify Hedged Equity ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th were issued a dividend of $0.08 per share. The ex-dividend date was Wednesday, March 26th.

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.