Coastal Investment Advisors Inc. Grows Stock Position in Simplify Health Care ETF (NYSEARCA:PINK)

Coastal Investment Advisors Inc. grew its holdings in shares of Simplify Health Care ETF (NYSEARCA:PINK) by 6.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 10,165 shares of the company’s stock after purchasing an additional 660 shares during the quarter. Coastal Investment Advisors Inc.’s holdings in Simplify Health Care ETF were worth $270,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PINK. Insight Advisors LLC PA grew its stake in shares of Simplify Health Care ETF by 22.7% during the 2nd quarter. Insight Advisors LLC PA now owns 21,616 shares of the company’s stock valued at $574,000 after acquiring an additional 4,000 shares during the period. LPL Financial LLC bought a new position in shares of Simplify Health Care ETF during the 2nd quarter valued at approximately $3,139,000. Lee Danner & Bass Inc. grew its stake in shares of Simplify Health Care ETF by 8.3% during the 2nd quarter. Lee Danner & Bass Inc. now owns 129,558 shares of the company’s stock valued at $3,438,000 after acquiring an additional 9,875 shares during the period. Private Trust Co. NA bought a new position in shares of Simplify Health Care ETF during the 2nd quarter valued at approximately $98,000. Finally, Vontobel Holding Ltd. grew its stake in shares of Simplify Health Care ETF by 6.2% during the 2nd quarter. Vontobel Holding Ltd. now owns 33,551 shares of the company’s stock valued at $890,000 after acquiring an additional 1,944 shares during the period.

Simplify Health Care ETF Trading Up 0.6 %

Shares of NYSEARCA:PINK opened at $24.09 on Tuesday. The stock has a 50 day moving average of $24.99 and a 200 day moving average of $25.73. The company has a market cap of $60.95 million, a PE ratio of 21.40 and a beta of 0.70. Simplify Health Care ETF has a 12-month low of $23.51 and a 12-month high of $27.98.

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.