Diversify Advisory Services LLC Lowers Stock Holdings in Simplify Health Care ETF (NYSEARCA:PINK)

Diversify Advisory Services LLC lowered its position in shares of Simplify Health Care ETF (NYSEARCA:PINK) by 61.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 299,920 shares of the company’s stock after selling 477,292 shares during the period. Diversify Advisory Services LLC owned 7.18% of Simplify Health Care ETF worth $9,672,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Concourse Financial Group Securities Inc. purchased a new position in Simplify Health Care ETF in the 2nd quarter worth approximately $39,000. Koshinski Asset Management Inc. purchased a new stake in Simplify Health Care ETF during the first quarter valued at about $202,000. Oppenheimer & Co. Inc. bought a new stake in Simplify Health Care ETF during the first quarter worth about $217,000. Pekin Hardy Strauss Inc. purchased a new position in shares of Simplify Health Care ETF in the 2nd quarter worth about $252,000. Finally, JBR Co Financial Management Inc bought a new position in shares of Simplify Health Care ETF during the 3rd quarter valued at about $274,000.

Simplify Health Care ETF Price Performance

NYSEARCA PINK traded down $0.12 during trading on Tuesday, hitting $32.65. 2,232 shares of the company’s stock traded hands, compared to its average volume of 99,062. The firm has a market cap of $136.48 million, a P/E ratio of 28.37 and a beta of 0.72. The stock has a fifty day moving average of $32.56 and a two-hundred day moving average of $31.28. Simplify Health Care ETF has a 12-month low of $23.60 and a 12-month high of $33.34.

Simplify Health Care ETF Profile

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.