Simplify Health Care ETF (NYSEARCA:PINK) Stock Price Breaks Above 50 Day Moving Average – Should You Sell?

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.

Simplify Health Care ETF Trading Up 0.8%

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

Hedge Funds Weigh In On Simplify Health Care ETF

Several large investors have recently modified their holdings of the business. NewEdge Advisors LLC bought a new stake in shares of Simplify Health Care ETF in the second quarter valued at approximately $10,803,000. Cooper Capital Advisors LLC bought a new position in Simplify Health Care ETF in the 3rd quarter worth approximately $9,057,000. SBE LLC DBA Cedar Cove Wealth Partners grew its stake in Simplify Health Care ETF by 1.0% in 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 buying an additional 1,131 shares in the last quarter. Ethic Inc. purchased a new position in Simplify Health Care ETF in the 3rd quarter valued at approximately $3,591,000. Finally, Integrity Alliance LLC. purchased a new position in Simplify Health Care ETF in the 3rd quarter valued at 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.