Fortis Group Advisors LLC Has $5.99 Million Position in Simplify Health Care ETF (NYSEARCA:PINK)

Fortis Group Advisors LLC cut its holdings in shares of Simplify Health Care ETF (NYSEARCA:PINK) by 5.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 204,215 shares of the company’s stock after selling 10,723 shares during the period. Simplify Health Care ETF comprises approximately 1.2% of Fortis Group Advisors LLC’s portfolio, making the stock its 23rd largest position. Fortis Group Advisors LLC owned 4.25% of Simplify Health Care ETF worth $5,986,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC grew its holdings in Simplify Health Care ETF by 8.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 574,906 shares of the company’s stock worth $16,851,000 after acquiring an additional 45,973 shares during the last quarter. Lee Danner & Bass Inc. raised its holdings in Simplify Health Care ETF by 1.0% during the 4th quarter. Lee Danner & Bass Inc. now owns 148,780 shares of the company’s stock worth $4,413,000 after purchasing an additional 1,410 shares during the last quarter. Copia Wealth Management raised its holdings in Simplify Health Care ETF by 4.5% during the 1st quarter. Copia Wealth Management now owns 83,129 shares of the company’s stock worth $2,437,000 after purchasing an additional 3,588 shares during the last quarter. Ausdal Financial Partners Inc. raised its holdings in Simplify Health Care ETF by 43.9% during the 4th quarter. Ausdal Financial Partners Inc. now owns 81,004 shares of the company’s stock worth $2,403,000 after purchasing an additional 24,723 shares during the last quarter. Finally, Stratos Investment Management LLC bought a new position in Simplify Health Care ETF during the 1st quarter worth approximately $1,643,000.

Simplify Health Care ETF Stock Performance

Simplify Health Care ETF stock opened at $30.11 on Thursday. Simplify Health Care ETF has a 52-week low of $26.10 and a 52-week high of $33.34. The firm has a 50 day moving average price of $29.24 and a two-hundred day moving average price of $29.41. The firm has a market cap of $130.23 million, a price-to-earnings ratio of 23.95 and a beta of 0.70.

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.