Simplify Health Care ETF (NYSEARCA:PINK) Shares Down 0.2% – Time to Sell?

Simplify Health Care ETF (NYSEARCA:PINK) dropped 0.2% on Tuesday . The stock traded as low as $38.82 and last traded at $39.15. 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 Stock Performance

The firm’s 50 day simple moving average is $36.76 and its 200-day simple moving average is $36.13. The company has a market capitalization of $272.88 million, a price-to-earnings ratio of 23.95 and a beta of 0.74.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Fourpath Capital Management LLC purchased a new position in shares of Simplify Health Care ETF during the 4th quarter valued at $17,576,000. Flagship Private Wealth LLC purchased a new stake in shares of Simplify Health Care ETF during the fourth quarter worth $1,638,000. Primoris Wealth Advisors LLC raised its holdings in shares of Simplify Health Care ETF by 314.3% during the fourth quarter. Primoris Wealth Advisors LLC now owns 86,075 shares of the company’s stock worth $3,150,000 after acquiring an additional 65,300 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in Simplify Health Care ETF by 24.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 87,112 shares of the company’s stock valued at $3,205,000 after purchasing an additional 17,248 shares during the last quarter. Finally, Cibc World Market Inc. boosted its position in Simplify Health Care ETF by 25.3% during the fourth quarter. Cibc World Market Inc. now owns 212,708 shares of the company’s stock valued at $7,785,000 after purchasing an additional 42,958 shares during the last quarter.

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.