Gladstone Institutional Advisory LLC Sells 55,897 Shares of Simplify Health Care ETF $PINK

Gladstone Institutional Advisory LLC lowered its stake in Simplify Health Care ETF (NYSEARCA:PINK) by 12.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 384,585 shares of the company’s stock after selling 55,897 shares during the quarter. Gladstone Institutional Advisory LLC owned about 7.06% of Simplify Health Care ETF worth $12,195,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in PINK. Ameritas Advisory Services LLC purchased a new position in shares of Simplify Health Care ETF in the second quarter worth about $45,000. Private Trust Co. NA acquired a new position in Simplify Health Care ETF in the 3rd quarter valued at $119,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of Simplify Health Care ETF in the 2nd quarter worth $149,000. Flow Traders U.S. LLC purchased a new position in shares of Simplify Health Care ETF in the second quarter valued at approximately $201,000. Finally, Cambridge Advisors Inc. boosted its holdings in Simplify Health Care ETF by 8.7% in the second quarter. Cambridge Advisors Inc. now owns 7,647 shares of the company’s stock valued at $229,000 after purchasing an additional 610 shares during the period.

Simplify Health Care ETF Price Performance

NYSEARCA:PINK opened at $36.71 on Tuesday. Simplify Health Care ETF has a 12 month low of $26.10 and a 12 month high of $38.02. The firm has a market capitalization of $348.75 million, a PE ratio of 23.95 and a beta of 0.74. The business’s fifty day moving average price is $36.01 and its 200 day moving average price is $32.60.

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.