Simplify Health Care ETF (NYSEARCA:PINK) Share Price Breaks Above Fifty Day Moving Average – Here’s What Happened

Shares of Simplify Health Care ETF (NYSEARCA:PINK) crossed 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 Stock Up 0.8%

The firm has a market cap of $332.67 million, a PE ratio of 35.72 and a beta of 0.72. The stock has a 50 day moving average price of $39.04 and a two-hundred day moving average price of $37.41.

Hedge Funds Weigh In On Simplify Health Care ETF

Hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC bought a new stake in Simplify Health Care ETF during the 2nd quarter worth about $10,803,000. Cooper Capital Advisors LLC bought a new stake in shares of Simplify Health Care ETF during the 3rd quarter worth $9,057,000. SBE LLC DBA Cedar Cove Wealth Partners raised its stake in shares of Simplify Health Care ETF by 1.0% during the 3rd quarter. SBE LLC DBA Cedar Cove Wealth Partners now owns 113,811 shares of the company’s stock valued at $4,393,000 after purchasing an additional 1,131 shares during the period. Ethic Inc. bought a new position in shares of Simplify Health Care ETF in the 3rd quarter worth $3,591,000. Finally, Integrity Alliance LLC. purchased a new position in Simplify Health Care ETF in the 3rd quarter worth approximately $1,856,000.

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.