Janney Montgomery Scott LLC Raises Holdings in Simplify Health Care ETF (NYSEARCA:PINK)

Janney Montgomery Scott LLC raised its holdings in shares of Simplify Health Care ETF (NYSEARCA:PINK) by 41.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 32,373 shares of the company’s stock after purchasing an additional 9,521 shares during the period. Janney Montgomery Scott LLC owned approximately 0.77% of Simplify Health Care ETF worth $1,063,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Diversify Advisory Services LLC purchased a new position in shares of Simplify Health Care ETF in the 2nd quarter worth $24,070,000. Gladstone Institutional Advisory LLC raised its holdings in Simplify Health Care ETF by 3.7% in the 3rd quarter. Gladstone Institutional Advisory LLC now owns 649,532 shares of the company’s stock worth $21,324,000 after purchasing an additional 23,244 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Simplify Health Care ETF by 123.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 402,554 shares of the company’s stock worth $13,216,000 after purchasing an additional 222,391 shares during the period. Fortis Group Advisors LLC raised its holdings in Simplify Health Care ETF by 171.3% in the 3rd quarter. Fortis Group Advisors LLC now owns 221,820 shares of the company’s stock worth $7,282,000 after purchasing an additional 140,061 shares during the period. Finally, Lee Danner & Bass Inc. bought a new position in Simplify Health Care ETF in the 2nd quarter worth $4,367,000.

Simplify Health Care ETF Stock Performance

Shares of Simplify Health Care ETF stock opened at $30.08 on Friday. Simplify Health Care ETF has a one year low of $24.47 and a one year high of $33.34. The stock’s fifty day moving average is $32.34 and its 200 day moving average is $31.51. The stock has a market cap of $125.73 million, a P/E ratio of 28.37 and a beta of 0.72.

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.