Kovack Advisors Inc. Invests $6.30 Million in Simplify Hedged Equity ETF $HEQT

Kovack Advisors Inc. acquired a new position in Simplify Hedged Equity ETF (NYSEARCA:HEQT – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 196,509 shares of the company’s stock, valued at approximately $6,298,000. Kovack Advisors Inc. owned 1.85% of Simplify Hedged Equity ETF at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Keudell Morrison Wealth Management purchased a new position in Simplify Hedged Equity ETF during the 4th quarter valued at about $16,574,000. Leo Wealth LLC purchased a new position in Simplify Hedged Equity ETF during the 4th quarter valued at about $10,625,000. Ameritas Advisory Services LLC increased its holdings in Simplify Hedged Equity ETF by 79.5% during the 3rd quarter. Ameritas Advisory Services LLC now owns 246,833 shares of the company’s stock valued at $7,710,000 after purchasing an additional 109,291 shares during the period. MML Investors Services LLC increased its holdings in Simplify Hedged Equity ETF by 39.1% during the 2nd quarter. MML Investors Services LLC now owns 333,975 shares of the company’s stock valued at $10,036,000 after purchasing an additional 93,959 shares during the period. Finally, Parallel Advisors LLC purchased a new position in Simplify Hedged Equity ETF during the 3rd quarter valued at about $2,343,000.

Simplify Hedged Equity ETF Price Performance

Shares of NYSEARCA:HEQT opened at $33.24 on Friday. Simplify Hedged Equity ETF has a 1 year low of $29.50 and a 1 year high of $33.60. The company has a market cap of $324.09 million, a PE ratio of 25.09 and a beta of 0.47. The stock’s 50-day moving average is $32.83 and its 200 day moving average is $32.36.

Simplify Hedged Equity ETF Company Profile

(Free Report)

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. HEQT was launched on Nov 1, 2021 and is managed by Simplify.

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