Stratos Wealth Advisors LLC Lowers Position in Simplify Health Care ETF (NYSEARCA:PINK)

Stratos Wealth Advisors LLC reduced its holdings in Simplify Health Care ETF (NYSEARCA:PINK) by 6.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,854 shares of the company’s stock after selling 893 shares during the quarter. Stratos Wealth Advisors LLC owned about 0.33% of Simplify Health Care ETF worth $411,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its holdings in Simplify Health Care ETF by 123.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 402,554 shares of the company’s stock valued at $13,216,000 after acquiring an additional 222,391 shares during the period. Fortis Group Advisors LLC increased its holdings in shares of Simplify Health Care ETF by 171.3% in the 3rd quarter. Fortis Group Advisors LLC now owns 221,820 shares of the company’s stock valued at $7,282,000 after purchasing an additional 140,061 shares in the last quarter. HighTower Advisors LLC lifted its stake in shares of Simplify Health Care ETF by 168.2% in the third quarter. HighTower Advisors LLC now owns 77,280 shares of the company’s stock valued at $2,536,000 after purchasing an additional 48,462 shares during the period. Sanctuary Advisors LLC purchased a new stake in Simplify Health Care ETF during the second quarter worth about $1,168,000. Finally, Ironsides Asset Advisors LLC purchased a new position in Simplify Health Care ETF in the third quarter valued at about $1,180,000.

Simplify Health Care ETF Trading Down 1.4 %

PINK stock opened at $29.88 on Friday. The firm has a 50 day moving average of $30.46 and a 200-day moving average of $31.60. The company has a market cap of $124.90 million, a price-to-earnings ratio of 28.37 and a beta of 0.72. Simplify Health Care ETF has a 12-month low of $28.58 and a 12-month high of $33.34.

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.