Simplify Health Care ETF (NYSEARCA:PINK – Get Free Report) shares dropped 0.2% during mid-day trading on Tuesday . The company traded as low as $38.82 and last traded at $39.15. 132,295 shares were traded during trading, a decline of 14% from the average session volume of 153,344 shares. The stock had previously closed at $39.22.
Simplify Health Care ETF Price Performance
The firm has a fifty day moving average of $36.83 and a 200 day moving average of $36.14. The stock has a market capitalization of $367.46 million, a price-to-earnings ratio of 23.95 and a beta of 0.73.
Hedge Funds Weigh In On Simplify Health Care ETF
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Fourpath Capital Management LLC purchased a new position in shares of Simplify Health Care ETF during the 4th quarter worth $17,576,000. Flagship Private Wealth LLC acquired a new position in Simplify Health Care ETF during the fourth quarter worth $1,638,000. Primoris Wealth Advisors LLC boosted its holdings in Simplify Health Care ETF by 314.3% during the 4th quarter. Primoris Wealth Advisors LLC now owns 86,075 shares of the company’s stock valued at $3,150,000 after acquiring an additional 65,300 shares during the period. Thrivent Financial for Lutherans grew its holdings in shares of Simplify Health Care ETF by 24.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 87,112 shares of the company’s stock valued at $3,205,000 after purchasing an additional 17,248 shares in the last quarter. Finally, Cibc World Market Inc. increased its position in shares of Simplify Health Care ETF by 25.3% during the fourth quarter. Cibc World Market Inc. now owns 212,708 shares of the company’s stock worth $7,785,000 after acquiring an additional 42,958 shares during the period.
Simplify Health Care ETF Company Profile
The Simplify Health Care ETF (PINK) is an exchange-traded fund that mostly invests in health care equity. The fund is an actively managed fund of US healthcare stocks and\u002For ETFs. The fund seeks long-term capital growth and commits to donate its net profit, in the form of its annual management fee to the Susan G PINK was launched on Oct 7, 2021 and is managed by Simplify.
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