Simplify Health Care ETF (NYSEARCA:PINK) Stock Price Down 0.4% – What’s Next?

Simplify Health Care ETF (NYSEARCA:PINK)’s share price traded down 0.4% during mid-day trading on Thursday . The stock traded as low as $39.28 and last traded at $39.52. Approximately 57,378 shares were traded during mid-day 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 Stock Down 0.4%

The business has a 50-day simple moving average of $38.54 and a two-hundred day simple moving average of $36.54. The stock has a market capitalization of $382.55 million, a price-to-earnings ratio of 23.95 and a beta of 0.73.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Royal Bank of Canada raised its holdings in shares of Simplify Health Care ETF by 2.5% in the 1st quarter. Royal Bank of Canada now owns 29,124 shares of the company’s stock worth $980,000 after purchasing an additional 704 shares in the last quarter. Harmony Asset Management LLC increased its holdings in shares of Simplify Health Care ETF by 156.1% in the first quarter. Harmony Asset Management LLC now owns 29,037 shares of the company’s stock valued at $977,000 after buying an additional 17,699 shares in the last quarter. Sigma Planning Corp lifted its position in shares of Simplify Health Care ETF by 4.9% during the 1st quarter. Sigma Planning Corp now owns 7,390 shares of the company’s stock valued at $249,000 after acquiring an additional 347 shares during the last quarter. Lee Danner & Bass Inc. boosted its stake in shares of Simplify Health Care ETF by 3.0% during the 1st quarter. Lee Danner & Bass Inc. now owns 165,477 shares of the company’s stock worth $5,570,000 after acquiring an additional 4,825 shares in the last quarter. Finally, Cambridge Advisors Inc. grew its holdings in shares of Simplify Health Care ETF by 39.1% in the 1st quarter. Cambridge Advisors Inc. now owns 31,553 shares of the company’s stock worth $1,062,000 after acquiring an additional 8,867 shares during the last quarter.

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.