Simplify Health Care ETF (NYSEARCA:PINK) Trading Down 0.4%

Simplify Health Care ETF (NYSEARCA:PINK) traded down 0.4% on Monday . The stock traded as low as $30.24 and last traded at $30.29. 196,714 shares were traded during trading, an increase of 152% from the average session volume of 78,180 shares. The stock had previously closed at $30.41.

Simplify Health Care ETF Stock Performance

The company has a market cap of $126.61 million, a price-to-earnings ratio of 28.37 and a beta of 0.72. The company has a fifty day moving average of $29.64 and a two-hundred day moving average of $29.03.

Institutional Investors Weigh In On Simplify Health Care ETF

Several hedge funds have recently modified their holdings of the company. TAP Consulting LLC acquired a new position in Simplify Health Care ETF during the 3rd quarter worth about $2,836,000. Fortis Group Advisors LLC acquired a new position in Simplify Health Care ETF during the 1st quarter worth about $2,329,000. Cambridge Investment Research Advisors Inc. acquired a new position in Simplify Health Care ETF during the 1st quarter worth about $1,411,000. Wealth Enhancement Advisory Services LLC acquired a new position in Simplify Health Care ETF during the 1st quarter worth about $1,069,000. Finally, Janney Montgomery Scott LLC acquired a new position in Simplify Health Care ETF during the 1st quarter worth about $695,000.

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.