Simplify Health Care ETF (NYSEARCA:PINK – Get Free Report) shares dropped 0.2% on Tuesday . The company traded as low as $38.82 and last traded at $39.15. Approximately 132,295 shares changed hands 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 Trading Down 0.2%
The firm has a market capitalization of $272.88 million, a price-to-earnings ratio of 23.95 and a beta of 0.74. The company has a fifty day moving average price of $36.76 and a 200-day moving average price of $36.13.
Institutional Trading of Simplify Health Care ETF
Institutional investors have recently added to or reduced their stakes in the business. Flow Traders U.S. LLC acquired a new position in shares of Simplify Health Care ETF during the 2nd quarter worth $201,000. Raymond James Financial Inc. raised its holdings in shares of Simplify Health Care ETF by 13.7% during the 2nd quarter. Raymond James Financial Inc. now owns 11,810 shares of the company’s stock valued at $354,000 after purchasing an additional 1,420 shares in the last quarter. Ausdal Financial Partners Inc. lifted its stake in shares of Simplify Health Care ETF by 3.3% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 39,593 shares of the company’s stock valued at $1,188,000 after purchasing an additional 1,268 shares during the last quarter. Thrivent Financial for Lutherans acquired a new stake in shares of Simplify Health Care ETF in the 2nd quarter valued at $365,000. Finally, MAI Capital Management bought a new stake in Simplify Health Care ETF in the third quarter worth $131,000.
About Simplify Health Care ETF
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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