Simplify Health Care ETF (NYSEARCA:PINK) Stock Price Down 0.4% – Here’s Why

Simplify Health Care ETF (NYSEARCA:PINK) shares traded down 0.4% during mid-day trading on Thursday . The company traded as low as $39.28 and last traded at $39.52. Approximately 57,378 shares changed hands during trading, a decline of 60% from the average daily volume of 143,262 shares. The stock had previously closed at $39.68.

Simplify Health Care ETF Trading Up 1.5%

The business has a 50 day moving average price of $38.58 and a 200 day moving average price of $36.56. The company has a market capitalization of $388.36 million, a P/E ratio of 23.95 and a beta of 0.73.

Institutional Investors Weigh In On Simplify Health Care ETF

Several large investors have recently added to or reduced their stakes in the business. TD Waterhouse Canada Inc. bought a new stake in Simplify Health Care ETF in the 4th quarter valued at about $54,000. Farther Finance Advisors LLC acquired a new position in shares of Simplify Health Care ETF during the fourth quarter worth approximately $57,000. Flagship Harbor Advisors LLC acquired a new stake in Simplify Health Care ETF in the 4th quarter valued at $86,000. Kestra Advisory Services LLC acquired a new position in Simplify Health Care ETF during the fourth quarter worth $119,000. Finally, Flow Traders U.S. LLC bought a new position in shares of Simplify Health Care ETF in the second quarter valued at $201,000.

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.