Simplify Health Care ETF (NYSEARCA:PINK) Shares Bought by Fortis Group Advisors LLC

Fortis Group Advisors LLC increased its holdings in Simplify Health Care ETF (NYSEARCA:PINK) by 171.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 221,820 shares of the company’s stock after purchasing an additional 140,061 shares during the period. Simplify Health Care ETF accounts for 1.3% of Fortis Group Advisors LLC’s investment portfolio, making the stock its 26th biggest position. Fortis Group Advisors LLC owned about 5.31% of Simplify Health Care ETF worth $7,282,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Stratos Wealth Advisors LLC purchased a new position in shares of Simplify Health Care ETF in the 3rd quarter worth $484,000. JBR Co Financial Management Inc acquired a new stake in Simplify Health Care ETF during the third quarter worth about $274,000. Concourse Financial Group Securities Inc. raised its holdings in shares of Simplify Health Care ETF by 119.7% in the 3rd quarter. Concourse Financial Group Securities Inc. now owns 2,757 shares of the company’s stock worth $91,000 after purchasing an additional 1,502 shares during the period. Ferguson Shapiro LLC acquired a new position in shares of Simplify Health Care ETF in the 3rd quarter valued at about $634,000. Finally, CWM LLC increased its position in Simplify Health Care ETF by 13.2% during the 3rd quarter. CWM LLC now owns 13,614 shares of the company’s stock worth $447,000 after purchasing an additional 1,585 shares in the last quarter.

Simplify Health Care ETF Stock Down 0.6 %

Shares of NYSEARCA PINK traded down $0.18 on Tuesday, hitting $32.07. The company had a trading volume of 5,641 shares, compared to its average volume of 99,399. The firm has a market capitalization of $134.05 million, a P/E ratio of 28.37 and a beta of 0.72. The business has a 50 day moving average of $32.54 and a two-hundred day moving average of $31.20. Simplify Health Care ETF has a 12-month low of $23.51 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.