Simplify Health Care ETF (NYSEARCA:PINK – Get Free Report)’s stock price passed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $39.04 and traded as high as $39.31. Simplify Health Care ETF shares last traded at $39.23, with a volume of 59,063 shares trading hands.
Simplify Health Care ETF Price Performance
The company has a 50 day moving average of $39.04 and a two-hundred day moving average of $37.41. The company has a market capitalization of $332.67 million, a PE ratio of 35.72 and a beta of 0.72.
Institutional Investors Weigh In On Simplify Health Care ETF
Hedge funds have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC bought a new stake in Simplify Health Care ETF during the second quarter worth $107,000. Sigma Planning Corp raised its holdings in Simplify Health Care ETF by 4.9% in the first quarter. Sigma Planning Corp now owns 7,390 shares of the company’s stock worth $249,000 after buying an additional 347 shares during the last quarter. WESPAC Advisors LLC purchased a new stake in Simplify Health Care ETF in the 3rd quarter worth approximately $428,000. Commonwealth Equity Services LLC purchased a new position in Simplify Health Care ETF during the third quarter worth $636,000. Finally, Harmony Asset Management LLC boosted its position in Simplify Health Care ETF by 156.1% during the first quarter. Harmony Asset Management LLC now owns 29,037 shares of the company’s stock valued at $977,000 after purchasing an additional 17,699 shares in the last quarter.
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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