NewEdge Advisors LLC Makes New Investment in Simplify Health Care ETF $PINK

NewEdge Advisors LLC acquired a new position in Simplify Health Care ETF (NYSEARCA:PINK) during the second quarter, according to its most recent filing with the SEC. The firm acquired 275,933 shares of the company’s stock, valued at approximately $10,803,000.

Other hedge funds have also recently made changes to their positions in the company. Sigma Planning Corp increased its stake in shares of Simplify Health Care ETF by 4.9% during the first quarter. Sigma Planning Corp now owns 7,390 shares of the company’s stock valued at $249,000 after buying an additional 347 shares during the period. Griffin Asset Management Inc. lifted its stake in Simplify Health Care ETF by 6.9% in the fourth quarter. Griffin Asset Management Inc. now owns 9,171 shares of the company’s stock worth $336,000 after acquiring an additional 588 shares during the period. Royal Bank of Canada boosted its holdings in Simplify Health Care ETF by 2.5% in the first quarter. Royal Bank of Canada now owns 29,124 shares of the company’s stock valued at $980,000 after acquiring an additional 704 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in Simplify Health Care ETF by 8.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 12,477 shares of the company’s stock valued at $457,000 after acquiring an additional 959 shares in the last quarter. Finally, Ausdal Financial Partners Inc. increased its position in Simplify Health Care ETF by 3.3% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 39,593 shares of the company’s stock valued at $1,188,000 after purchasing an additional 1,268 shares during the period.

Simplify Health Care ETF Trading Up 0.3%

Shares of Simplify Health Care ETF stock opened at $38.69 on Friday. Simplify Health Care ETF has a 12-month low of $30.61 and a 12-month high of $40.63. The company has a market cap of $374.52 million, a P/E ratio of 23.95 and a beta of 0.73. The company’s fifty day simple moving average is $39.46 and its two-hundred day simple moving average is $37.11.

Simplify Health Care ETF 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.