Ironsides Asset Advisors LLC Sells 7,170 Shares of Simplify Health Care ETF (NYSEARCA:PINK)

Ironsides Asset Advisors LLC cut its holdings in Simplify Health Care ETF (NYSEARCA:PINK) by 20.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,760 shares of the company’s stock after selling 7,170 shares during the period. Ironsides Asset Advisors LLC’s holdings in Simplify Health Care ETF were worth $853,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of PINK. Principal Securities Inc. bought a new position in shares of Simplify Health Care ETF in the fourth quarter valued at approximately $84,000. Private Trust Co. NA grew its stake in Simplify Health Care ETF by 73.8% in the 3rd quarter. Private Trust Co. NA now owns 5,196 shares of the company’s stock valued at $171,000 after buying an additional 2,207 shares during the last quarter. Freedom Investment Management Inc. bought a new position in Simplify Health Care ETF in the 3rd quarter worth $228,000. Raymond James Financial Inc. acquired a new position in Simplify Health Care ETF during the 4th quarter worth $241,000. Finally, Jane Street Group LLC bought a new stake in Simplify Health Care ETF during the third quarter valued at about $267,000.

Simplify Health Care ETF Stock Performance

NYSEARCA PINK opened at $29.11 on Friday. The stock has a 50-day simple moving average of $30.08 and a 200 day simple moving average of $31.17. Simplify Health Care ETF has a twelve month low of $28.58 and a twelve month high of $33.34. The stock has a market capitalization of $145.55 million, a PE ratio of 33.38 and a beta of 0.78.

About Simplify Health Care ETF

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.