B. Riley Wealth Advisors Inc. Takes $512,000 Position in Simplify Health Care ETF $PINK

B. Riley Wealth Advisors Inc. acquired a new position in shares of Simplify Health Care ETF (NYSEARCA:PINK) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 16,145 shares of the company’s stock, valued at approximately $512,000. B. Riley Wealth Advisors Inc. owned approximately 0.27% of Simplify Health Care ETF at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC purchased a new stake in shares of Simplify Health Care ETF during the second quarter worth about $45,000. Copia Wealth Management boosted its position in Simplify Health Care ETF by 0.7% during the second quarter. Copia Wealth Management now owns 83,672 shares of the company’s stock worth $2,511,000 after acquiring an additional 543 shares during the last quarter. Freedom Investment Management Inc. grew its stake in Simplify Health Care ETF by 4.0% in the 2nd quarter. Freedom Investment Management Inc. now owns 10,343 shares of the company’s stock worth $310,000 after acquiring an additional 395 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in Simplify Health Care ETF by 4.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 623,384 shares of the company’s stock worth $20,397,000 after acquiring an additional 24,993 shares during the period. Finally, Primoris Wealth Advisors LLC acquired a new position in Simplify Health Care ETF in the 3rd quarter valued at $659,000.

Simplify Health Care ETF Stock Down 1.2%

PINK stock opened at $36.78 on Thursday. Simplify Health Care ETF has a 52-week low of $26.10 and a 52-week high of $38.68. The stock’s fifty day simple moving average is $37.20 and its 200-day simple moving average is $33.49. The stock has a market capitalization of $347.57 million, a price-to-earnings ratio of 23.95 and a beta of 0.74.

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.