LPL Financial LLC Sells 599,234 Shares of Simplify Health Care ETF (NYSEARCA:PINK)

LPL Financial LLC decreased its holdings in Simplify Health Care ETF (NYSEARCA:PINK) by 85.1% during the 4th quarter, HoldingsChannel reports. The firm owned 105,330 shares of the company’s stock after selling 599,234 shares during the quarter. LPL Financial LLC’s holdings in Simplify Health Care ETF were worth $3,124,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. HighTower Advisors LLC boosted its stake in 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 buying an additional 48,462 shares in the last quarter. Haven Private LLC acquired a new stake in shares of Simplify Health Care ETF in the 4th quarter valued at approximately $839,000. Thrivent Financial for Lutherans bought a new stake in shares of Simplify Health Care ETF during the 4th quarter valued at approximately $526,000. GFS Advisors LLC acquired a new position in Simplify Health Care ETF during the 4th quarter worth approximately $501,000. Finally, National Bank of Canada FI bought a new position in Simplify Health Care ETF in the 3rd quarter valued at approximately $465,000.

Simplify Health Care ETF Price Performance

Shares of Simplify Health Care ETF stock opened at $27.67 on Friday. The company’s 50 day moving average price is $29.41 and its two-hundred day moving average price is $30.57. The firm has a market capitalization of $133.65 million, a P/E ratio of 32.95 and a beta of 0.78. Simplify Health Care ETF has a fifty-two week low of $26.10 and a fifty-two week high of $33.34.

Simplify Health Care ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, March 31st. Investors of record on Wednesday, March 26th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, March 26th.

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.