Fourpath Capital Management LLC Makes New $17.58 Million Investment in Simplify Health Care ETF $PINK

Fourpath Capital Management LLC purchased a new position in shares of Simplify Health Care ETF (NYSEARCA:PINK) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 480,216 shares of the company’s stock, valued at approximately $17,576,000. Simplify Health Care ETF accounts for approximately 2.4% of Fourpath Capital Management LLC’s investment portfolio, making the stock its 8th biggest holding. Fourpath Capital Management LLC owned approximately 5.08% of Simplify Health Care ETF at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in PINK. Thrivent Financial for Lutherans increased its stake in Simplify Health Care ETF by 475.0% in the third quarter. Thrivent Financial for Lutherans now owns 69,864 shares of the company’s stock valued at $2,215,000 after purchasing an additional 57,713 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in Simplify Health Care ETF in the 3rd quarter worth about $512,000. HighTower Advisors LLC grew its holdings in Simplify Health Care ETF by 68.0% in the 3rd quarter. HighTower Advisors LLC now owns 292,125 shares of the company’s stock valued at $9,263,000 after buying an additional 118,226 shares during the period. Primoris Wealth Advisors LLC purchased a new stake in Simplify Health Care ETF in the 3rd quarter valued at about $659,000. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Simplify Health Care ETF by 7.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 666,796 shares of the company’s stock valued at $24,891,000 after acquiring an additional 43,412 shares during the last quarter.

Simplify Health Care ETF Price Performance

Shares of PINK stock opened at $34.23 on Monday. The firm has a market cap of $232.08 million, a P/E ratio of 23.95 and a beta of 0.75. Simplify Health Care ETF has a 1-year low of $26.96 and a 1-year high of $38.68. The firm’s 50-day simple moving average is $34.76 and its 200-day simple moving average is $35.21.

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.