Simplify Health Care ETF (NYSEARCA:PINK) Shares Down 0.4% – Here’s Why

Shares of Simplify Health Care ETF (NYSEARCA:PINK) dropped 0.4% during mid-day trading on Thursday . The company traded as low as $39.86 and last traded at $39.99. Approximately 29,168 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 136,372 shares. The stock had previously closed at $40.14.

Simplify Health Care ETF Trading Down 0.4%

The firm has a 50 day moving average price of $39.33 and a 200-day moving average price of $36.87. The firm has a market cap of $387.10 million, a PE ratio of 23.95 and a beta of 0.73.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its holdings in Simplify Health Care ETF by 2.5% during the 1st quarter. Royal Bank of Canada now owns 29,124 shares of the company’s stock worth $980,000 after acquiring an additional 704 shares in the last quarter. Harmony Asset Management LLC lifted its position in shares of Simplify Health Care ETF by 156.1% during the 1st quarter. Harmony Asset Management LLC now owns 29,037 shares of the company’s stock worth $977,000 after purchasing an additional 17,699 shares during the last quarter. Sigma Planning Corp lifted its position in shares of Simplify Health Care ETF by 4.9% during the 1st quarter. Sigma Planning Corp now owns 7,390 shares of the company’s stock worth $249,000 after purchasing an additional 347 shares during the last quarter. Lee Danner & Bass Inc. grew its stake in shares of Simplify Health Care ETF by 3.0% during the first quarter. Lee Danner & Bass Inc. now owns 165,477 shares of the company’s stock worth $5,570,000 after purchasing an additional 4,825 shares in the last quarter. Finally, Cambridge Advisors Inc. increased its holdings in Simplify Health Care ETF by 39.1% in the first quarter. Cambridge Advisors Inc. now owns 31,553 shares of the company’s stock valued at $1,062,000 after buying an additional 8,867 shares during the last quarter.

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.