Cibc World Market Inc. Buys 42,958 Shares of Simplify Health Care ETF $PINK

Cibc World Market Inc. boosted its stake in shares of Simplify Health Care ETF (NYSEARCA:PINK) by 25.3% during the fourth quarter, Holdings Channel reports. The fund owned 212,708 shares of the company’s stock after acquiring an additional 42,958 shares during the period. Cibc World Market Inc.’s holdings in Simplify Health Care ETF were worth $7,785,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. WCG Wealth Advisors LLC bought a new stake in Simplify Health Care ETF during the 4th quarter worth about $18,406,000. Essex Financial Services Inc. bought a new stake in Simplify Health Care ETF during the 4th quarter worth about $496,000. Foundations Investment Advisors LLC bought a new stake in Simplify Health Care ETF during the 4th quarter worth about $2,354,000. Copia Wealth Management grew its holdings in Simplify Health Care ETF by 8.4% during the 4th quarter. Copia Wealth Management now owns 92,951 shares of the company’s stock worth $3,402,000 after acquiring an additional 7,178 shares during the last quarter. Finally, Fortis Group Advisors LLC bought a new stake in Simplify Health Care ETF during the 4th quarter worth about $317,000.

Simplify Health Care ETF Stock Down 1.9%

Shares of NYSEARCA:PINK opened at $37.77 on Friday. Simplify Health Care ETF has a 12 month low of $28.32 and a 12 month high of $38.69. The company’s 50-day moving average price is $35.57 and its two-hundred day moving average price is $36.05. The firm has a market cap of $263.26 million, a P/E 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.