Commonwealth Equity Services LLC Trims Position in Simplify Hedged Equity ETF (NYSEARCA:HEQT)

Commonwealth Equity Services LLC lowered its stake in shares of Simplify Hedged Equity ETF (NYSEARCA:HEQT) by 55.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 37,870 shares of the company’s stock after selling 46,524 shares during the period. Commonwealth Equity Services LLC’s holdings in Simplify Hedged Equity ETF were worth $1,116,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in HEQT. Proficio Capital Partners LLC lifted its position in Simplify Hedged Equity ETF by 2,848.0% during the 4th quarter. Proficio Capital Partners LLC now owns 308,656 shares of the company’s stock worth $9,099,000 after acquiring an additional 298,186 shares during the period. WealthPlan Investment Management LLC raised its stake in shares of Simplify Hedged Equity ETF by 65.0% during the fourth quarter. WealthPlan Investment Management LLC now owns 599,917 shares of the company’s stock worth $17,686,000 after purchasing an additional 236,306 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of Simplify Hedged Equity ETF by 76.4% during the fourth quarter. HighTower Advisors LLC now owns 301,468 shares of the company’s stock worth $8,887,000 after purchasing an additional 130,611 shares during the last quarter. Ameritas Advisory Services LLC lifted its holdings 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 worth $12,250,000 after purchasing an additional 90,549 shares during the period. Finally, Lionsbridge Wealth Management LLC grew its position in Simplify Hedged Equity ETF by 40.8% in the 4th 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 last quarter.

Simplify Hedged Equity ETF Stock Performance

Shares of HEQT opened at $28.58 on Tuesday. Simplify Hedged Equity ETF has a 1 year low of $25.77 and a 1 year high of $30.53. The stock has a market capitalization of $400.12 million, a P/E ratio of 25.34 and a beta of 0.49. The company’s fifty day moving average is $29.63 and its two-hundred day moving average is $29.51.

Simplify Hedged Equity ETF Dividend Announcement

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

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.