Simplify Health Care ETF (NYSEARCA:PINK) Trading Down 0.6% – Time to Sell?

Shares of Simplify Health Care ETF (NYSEARCA:PINK) traded down 0.6% during trading on Wednesday . The company traded as low as $36.56 and last traded at $36.60. 239,434 shares were traded during trading, an increase of 188% from the average session volume of 83,126 shares. The stock had previously closed at $36.82.

Simplify Health Care ETF Price Performance

The stock’s fifty day moving average price is $35.87 and its 200-day moving average price is $32.45. The firm has a market cap of $237.90 million, a price-to-earnings ratio of 23.95 and a beta of 0.74.

Institutional Trading of Simplify Health Care ETF

A number of hedge funds have recently modified their holdings of the business. JFS Wealth Advisors LLC purchased a new position in shares of Simplify Health Care ETF during the third quarter valued at $32,000. Ameritas Advisory Services LLC purchased a new position in Simplify Health Care ETF during the 2nd quarter valued at about $45,000. Private Trust Co. NA acquired a new position in shares of Simplify Health Care ETF in the 3rd quarter valued at about $119,000. MAI Capital Management acquired a new position in shares of Simplify Health Care ETF in the 3rd quarter valued at about $131,000. Finally, Steward Partners Investment Advisory LLC purchased a new stake in shares of Simplify Health Care ETF in the second quarter worth approximately $149,000.

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.