Simplify Health Care ETF (NYSEARCA:PINK) Trading Down 0.4% – Here’s Why

Simplify Health Care ETF (NYSEARCA:PINK)’s share price was down 0.4% during mid-day trading on Thursday . The stock traded as low as $39.86 and last traded at $39.99. Approximately 29,168 shares traded hands during trading, a decline of 79% from the average daily volume of 136,372 shares. The stock had previously closed at $40.14.

Simplify Health Care ETF Stock Down 0.4%

The business’s fifty day moving average price is $39.33 and its 200 day moving average price is $36.87. The firm has a market capitalization of $387.10 million, a PE ratio of 23.95 and a beta of 0.73.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC acquired a new stake in shares of Simplify Health Care ETF during the fourth quarter worth $57,000. Kestra Advisory Services LLC purchased a new stake in Simplify Health Care ETF in the 4th quarter valued at about $119,000. Flow Traders U.S. LLC acquired a new position in shares of Simplify Health Care ETF during the 2nd quarter valued at about $201,000. IFP Advisors Inc lifted its holdings in shares of Simplify Health Care ETF by 12,613.6% during the 4th quarter. IFP Advisors Inc now owns 5,594 shares of the company’s stock worth $205,000 after acquiring an additional 5,550 shares during the period. Finally, Oppenheimer & Co. Inc. purchased a new stake in Simplify Health Care ETF in the fourth quarter valued at approximately $220,000.

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.