Simplify Health Care ETF (NYSEARCA:PINK) Trading 0.1% Higher – Still a Buy?

Shares of Simplify Health Care ETF (NYSEARCA:PINK) rose 0.1% during mid-day trading on Monday . The company traded as high as $34.01 and last traded at $33.78. Approximately 45,595 shares traded hands during trading, a decline of 75% from the average daily volume of 185,722 shares. The stock had previously closed at $33.76.

Simplify Health Care ETF Stock Down 2.0%

The stock has a market capitalization of $317.05 million, a PE ratio of 23.95 and a beta of 0.74. The firm has a 50 day moving average price of $36.24 and a 200 day moving average price of $34.90.

Institutional Investors Weigh In On Simplify Health Care ETF

A number of institutional investors and hedge funds have recently bought and sold shares of PINK. Thrivent Financial for Lutherans grew its stake in shares of Simplify Health Care ETF by 475.0% in the 3rd 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 in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in shares of Simplify Health Care ETF during the third quarter valued at about $512,000. HighTower Advisors LLC lifted its position in shares of Simplify Health Care ETF by 68.0% during the third quarter. HighTower Advisors LLC now owns 292,125 shares of the company’s stock valued at $9,263,000 after purchasing an additional 118,226 shares in the last quarter. Primoris Wealth Advisors LLC purchased a new position in Simplify Health Care ETF during the third quarter worth about $659,000. Finally, Wealth Enhancement Advisory Services LLC grew its position in Simplify Health Care ETF by 4.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 623,384 shares of the company’s stock worth $20,397,000 after purchasing an additional 24,993 shares in 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.