Freedom Investment Management Inc. Acquires Shares of 6,930 Simplify Health Care ETF (NYSEARCA:PINK)

Freedom Investment Management Inc. bought a new position in Simplify Health Care ETF (NYSEARCA:PINK) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,930 shares of the company’s stock, valued at approximately $228,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Concourse Financial Group Securities Inc. acquired a new position in Simplify Health Care ETF in the second quarter valued at about $39,000. Private Trust Co. NA raised its stake in shares of Simplify Health Care ETF by 73.8% in the third quarter. Private Trust Co. NA now owns 5,196 shares of the company’s stock valued at $171,000 after acquiring an additional 2,207 shares during the last quarter. Pekin Hardy Strauss Inc. acquired a new position in shares of Simplify Health Care ETF in the 2nd quarter worth approximately $252,000. JBR Co Financial Management Inc bought a new stake in Simplify Health Care ETF during the 3rd quarter worth approximately $274,000. Finally, WESPAC Advisors LLC acquired a new stake in Simplify Health Care ETF during the 3rd quarter valued at $312,000.

Simplify Health Care ETF Stock Performance

Shares of PINK opened at $32.03 on Monday. The stock has a fifty day moving average price of $32.01 and a two-hundred day moving average price of $31.67. The company has a market cap of $133.89 million, a price-to-earnings ratio of 28.37 and a beta of 0.72. Simplify Health Care ETF has a 52-week low of $24.83 and a 52-week high of $33.34.

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.