Simplify Health Care ETF (NYSEARCA:PINK) Stock Price Up 0.1% – Time to Buy?

Simplify Health Care ETF (NYSEARCA:PINK) rose 0.1% during trading on Monday . The stock traded as high as $34.01 and last traded at $33.78. Approximately 45,595 shares traded hands during trading, a decline of 75% from the average daily volume of 185,722 shares. The stock had previously closed at $33.76.

Simplify Health Care ETF Trading Up 0.1%

The stock has a market cap of $323.27 million, a P/E ratio of 23.95 and a beta of 0.74. The company’s 50 day moving average price is $36.31 and its two-hundred day moving average price is $34.88.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PINK. Hilltop Holdings Inc. purchased a new position in shares of Simplify Health Care ETF during the 4th quarter worth $282,000. Osaic Holdings Inc. grew its position in shares of Simplify Health Care ETF by 57.4% during the 4th quarter. Osaic Holdings Inc. now owns 55,776 shares of the company’s stock valued at $2,041,000 after acquiring an additional 20,331 shares during the period. Advisory Services Network LLC increased its stake in shares of Simplify Health Care ETF by 3,200.4% in the 4th quarter. Advisory Services Network LLC now owns 8,251 shares of the company’s stock worth $302,000 after purchasing an additional 8,001 shares in the last quarter. MML Investors Services LLC purchased a new stake in shares of Simplify Health Care ETF in the 4th quarter worth $704,000. Finally, Kestra Advisory Services LLC bought a new position in Simplify Health Care ETF in the 4th quarter worth $119,000.

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.