Simplify Health Care ETF (NYSEARCA:PINK) Trading Up 0.9% – Here’s Why

Simplify Health Care ETF (NYSEARCA:PINK) shares were up 0.9% during trading on Monday . The stock traded as high as $36.80 and last traded at $36.31. Approximately 329,128 shares changed hands during trading, an increase of 395% from the average daily volume of 66,442 shares. The stock had previously closed at $35.98.

Simplify Health Care ETF Trading Down 0.2%

The company has a 50 day simple moving average of $32.72 and a 200 day simple moving average of $30.64. The stock has a market capitalization of $237.77 million, a PE ratio of 23.95 and a beta of 0.74.

Hedge Funds Weigh In On Simplify Health Care ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of PINK. LPL Financial LLC increased its position in Simplify Health Care ETF by 130.3% during the 1st quarter. LPL Financial LLC now owns 242,569 shares of the company’s stock worth $7,110,000 after purchasing an additional 137,239 shares during the period. HighTower Advisors LLC boosted its stake in shares of Simplify Health Care ETF by 321.8% in the first quarter. HighTower Advisors LLC now owns 172,222 shares of the company’s stock valued at $5,048,000 after buying an additional 131,391 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in Simplify Health Care ETF by 475.0% during the third quarter. Thrivent Financial for Lutherans now owns 69,864 shares of the company’s stock worth $2,215,000 after acquiring an additional 57,713 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Simplify Health Care ETF by 4.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 623,384 shares of the company’s stock worth $20,397,000 after acquiring an additional 24,993 shares during the period. Finally, Susquehanna International Group LLP purchased a new position in Simplify Health Care ETF in the third quarter worth $669,000.

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.