Simplify Health Care ETF (NYSEARCA:PINK) Shares Down 0.5%

Shares of Simplify Health Care ETF (NYSEARCA:PINK) were down 0.5% during trading on Tuesday . The stock traded as low as $25.99 and last traded at $26.06. Approximately 31,682 shares were traded during trading, a decline of 53% from the average daily volume of 67,798 shares. The stock had previously closed at $26.18.

Simplify Health Care ETF Price Performance

The stock’s fifty day moving average price is $26.38 and its 200-day moving average price is $25.80. The firm has a market cap of $65.93 million, a price-to-earnings ratio of 21.40 and a beta of 0.70.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. UBS Group AG acquired a new stake in shares of Simplify Health Care ETF during the 1st quarter worth about $46,000. Ameritas Advisory Services LLC acquired a new position in shares of Simplify Health Care ETF in the first quarter valued at $88,000. Private Trust Co. NA acquired a new position in shares of Simplify Health Care ETF in the second quarter valued at $98,000. Coastal Investment Advisors Inc. boosted its position in shares of Simplify Health Care ETF by 7.6% in the fourth quarter. Coastal Investment Advisors Inc. now owns 9,505 shares of the company’s stock valued at $253,000 after acquiring an additional 675 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC bought a new stake in Simplify Health Care ETF during the second quarter worth about $294,000.

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.