Raymond James Financial Inc. Purchases New Shares in Simplify Health Care ETF (NYSEARCA:PINK)

Raymond James Financial Inc. bought a new stake in Simplify Health Care ETF (NYSEARCA:PINK) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,116 shares of the company’s stock, valued at approximately $241,000. Raymond James Financial Inc. owned approximately 0.19% of Simplify Health Care ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Principal Securities Inc. acquired a new stake in Simplify Health Care ETF in the 4th quarter valued at about $84,000. Jane Street Group LLC bought a new position in Simplify Health Care ETF in the 3rd quarter valued at $267,000. MML Investors Services LLC increased its stake in shares of Simplify Health Care ETF by 19.0% in the 3rd quarter. MML Investors Services LLC now owns 8,808 shares of the company’s stock valued at $289,000 after buying an additional 1,405 shares during the period. Orion Portfolio Solutions LLC acquired a new stake in shares of Simplify Health Care ETF in the 3rd quarter valued at $413,000. Finally, National Bank of Canada FI bought a new stake in shares of Simplify Health Care ETF during the third quarter worth $465,000.

Simplify Health Care ETF Stock Down 3.0 %

Simplify Health Care ETF stock opened at $27.34 on Friday. The stock has a market cap of $132.05 million, a price-to-earnings ratio of 32.95 and a beta of 0.78. Simplify Health Care ETF has a 12-month low of $26.10 and a 12-month high of $33.34. The business’s 50-day simple moving average is $29.47 and its 200 day simple moving average is $30.61.

Simplify Health Care ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th were given a dividend of $0.05 per share. The ex-dividend date was Wednesday, March 26th.

Simplify Health Care ETF 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.