Ameritas Advisory Services LLC Has $9.39 Million Stock Holdings in Simplify Hedged Equity ETF (NYSEARCA:HEQT)

Ameritas Advisory Services LLC cut its position in shares of Simplify Hedged Equity ETF (NYSEARCA:HEQT) by 23.4% during the third quarter, Holdings Channel reports. The institutional investor owned 324,992 shares of the company’s stock after selling 99,426 shares during the quarter. Ameritas Advisory Services LLC owned about 0.06% of Simplify Hedged Equity ETF worth $9,386,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Private Advisor Group LLC lifted its stake in Simplify Hedged Equity ETF by 267.3% during the third quarter. Private Advisor Group LLC now owns 884,372 shares of the company’s stock worth $25,541,000 after purchasing an additional 643,625 shares during the period. Keudell Morrison Wealth Management bought a new position in shares of Simplify Hedged Equity ETF in the first quarter valued at approximately $11,328,000. Orion Portfolio Solutions LLC increased its holdings in shares of Simplify Hedged Equity ETF by 209.7% in the first quarter. Orion Portfolio Solutions LLC now owns 541,710 shares of the company’s stock valued at $14,350,000 after purchasing an additional 366,768 shares in the last quarter. Cetera Investment Advisers acquired a new stake in shares of Simplify Hedged Equity ETF in the first quarter valued at approximately $5,678,000. Finally, CWM LLC grew its holdings in Simplify Hedged Equity ETF by 26.9% during the 3rd quarter. CWM LLC now owns 470,887 shares of the company’s stock worth $13,599,000 after acquiring an additional 99,908 shares during the period.

Simplify Hedged Equity ETF Stock Performance

HEQT traded down $0.04 during trading on Tuesday, reaching $28.90. 234,324 shares of the company’s stock were exchanged, compared to its average volume of 125,405. Simplify Hedged Equity ETF has a fifty-two week low of $24.45 and a fifty-two week high of $29.34. The firm has a market capitalization of $170.51 million, a PE ratio of 23.07 and a beta of 0.51. The company’s fifty day moving average price is $28.72 and its 200-day moving average price is $27.84.

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.