Gladstone Institutional Advisory LLC Has $17.71 Million Stock Position in Simplify Health Care ETF (NYSEARCA:PINK)

Gladstone Institutional Advisory LLC cut its position in Simplify Health Care ETF (NYSEARCA:PINK) by 8.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 597,044 shares of the company’s stock after selling 52,488 shares during the period. Simplify Health Care ETF accounts for about 0.8% of Gladstone Institutional Advisory LLC’s investment portfolio, making the stock its 26th biggest position. Gladstone Institutional Advisory LLC owned 14.28% of Simplify Health Care ETF worth $17,708,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Concourse Financial Group Securities Inc. boosted its holdings in shares of Simplify Health Care ETF by 119.7% in the 3rd quarter. Concourse Financial Group Securities Inc. now owns 2,757 shares of the company’s stock worth $91,000 after acquiring an additional 1,502 shares in the last quarter. Private Trust Co. NA raised its position in Simplify Health Care ETF by 73.8% in the 3rd quarter. Private Trust Co. NA now owns 5,196 shares of the company’s stock valued at $171,000 after purchasing an additional 2,207 shares during the last quarter. Freedom Investment Management Inc. acquired a new position in Simplify Health Care ETF in the third quarter worth $228,000. Jane Street Group LLC acquired a new position in Simplify Health Care ETF in the third quarter worth $267,000. Finally, Pekin Hardy Strauss Inc. grew its holdings in shares of Simplify Health Care ETF by 7.8% during the third quarter. Pekin Hardy Strauss Inc. now owns 8,660 shares of the company’s stock worth $284,000 after purchasing an additional 630 shares during the last quarter.

Simplify Health Care ETF Stock Down 0.4 %

Simplify Health Care ETF stock opened at $29.64 on Wednesday. The stock has a 50-day simple moving average of $30.37 and a 200 day simple moving average of $31.56. The stock has a market capitalization of $123.90 million, a price-to-earnings ratio of 28.37 and a beta of 0.72. Simplify Health Care ETF has a 12-month low of $28.58 and a 12-month high of $33.34.

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.