Fortis Group Advisors LLC Cuts Stake in Simplify Health Care ETF (NYSEARCA:PINK)

Fortis Group Advisors LLC reduced its position in shares of Simplify Health Care ETF (NYSEARCA:PINK) by 3.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 214,938 shares of the company’s stock after selling 6,882 shares during the quarter. Simplify Health Care ETF accounts for about 1.2% of Fortis Group Advisors LLC’s investment portfolio, making the stock its 25th biggest holding. Fortis Group Advisors LLC owned 5.14% of Simplify Health Care ETF worth $6,375,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of PINK. Principal Securities Inc. purchased a new position in Simplify Health Care ETF in the 4th quarter worth about $84,000. Private Trust Co. NA raised its holdings in shares of Simplify Health Care ETF by 73.8% during the third quarter. Private Trust Co. NA now owns 5,196 shares of the company’s stock valued at $171,000 after purchasing an additional 2,207 shares during the last quarter. Freedom Investment Management Inc. bought a new position in Simplify Health Care ETF during the third quarter valued at approximately $228,000. Jane Street Group LLC purchased a new stake in Simplify Health Care ETF in the third quarter worth approximately $267,000. Finally, Pekin Hardy Strauss Inc. grew its position in Simplify Health Care ETF by 7.8% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 8,660 shares of the company’s stock worth $284,000 after purchasing an additional 630 shares during the period.

Simplify Health Care ETF Price Performance

Shares of PINK opened at $29.89 on Tuesday. The firm has a market capitalization of $124.94 million, a P/E ratio of 28.37 and a beta of 0.72. Simplify Health Care ETF has a one year low of $28.58 and a one year high of $33.34. The business has a fifty day moving average of $30.24 and a 200 day moving average of $31.49.

Simplify Health Care ETF Company 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.