Simplify Health Care ETF (NYSEARCA:PINK) Shares Down 0.4% – Time to Sell?

Simplify Health Care ETF (NYSEARCA:PINK)’s stock price was down 0.4% during trading on Thursday . The company traded as low as $39.86 and last traded at $39.99. Approximately 29,168 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 136,372 shares. The stock had previously closed at $40.14.

Simplify Health Care ETF Stock Down 1.6%

The firm has a market cap of $381.10 million, a P/E ratio of 23.95 and a beta of 0.73. The business’s 50 day moving average is $39.38 and its two-hundred day moving average is $36.88.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in PINK. Farther Finance Advisors LLC bought a new stake in shares of Simplify Health Care ETF during the 4th quarter valued at about $57,000. Kestra Advisory Services LLC acquired a new position in Simplify Health Care ETF during the fourth quarter worth $119,000. Flow Traders U.S. LLC bought a new position in Simplify Health Care ETF in the 2nd quarter valued at about $201,000. IFP Advisors Inc lifted its holdings in shares of Simplify Health Care ETF by 12,613.6% in the fourth quarter. IFP Advisors Inc now owns 5,594 shares of the company’s stock valued at $205,000 after purchasing an additional 5,550 shares in the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new position in shares of Simplify Health Care ETF during the fourth quarter valued at approximately $220,000.

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.