TAP Consulting LLC Sells 14,500 Shares of Simplify Health Care ETF (NYSEARCA:PINK)

TAP Consulting LLC cut its position in shares of Simplify Health Care ETF (NYSEARCA:PINK) by 22.0% during the 4th quarter, Holdings Channel reports. The firm owned 51,323 shares of the company’s stock after selling 14,500 shares during the quarter. TAP Consulting LLC’s holdings in Simplify Health Care ETF were worth $1,522,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PINK. Sanctuary Advisors LLC grew its holdings in shares of Simplify Health Care ETF by 22.2% in the fourth quarter. Sanctuary Advisors LLC now owns 47,434 shares of the company’s stock valued at $1,466,000 after acquiring an additional 8,632 shares in the last quarter. Jane Street Group LLC bought a new position in Simplify Health Care ETF in the 3rd quarter valued at $267,000. MML Investors Services LLC increased its position in shares of Simplify Health Care ETF by 19.0% during the 3rd quarter. MML Investors Services LLC now owns 8,808 shares of the company’s stock valued at $289,000 after purchasing an additional 1,405 shares during the last quarter. Principal Securities Inc. purchased a new position in shares of Simplify Health Care ETF in the 4th quarter worth about $84,000. Finally, Freedom Investment Management Inc. bought a new position in Simplify Health Care ETF during the third quarter valued at about $228,000.

Simplify Health Care ETF Stock Performance

Shares of PINK stock opened at $29.78 on Thursday. The firm has a market cap of $148.90 million, a price-to-earnings ratio of 33.38 and a beta of 0.78. Simplify Health Care ETF has a 52 week low of $28.58 and a 52 week high of $33.34. The firm’s 50-day simple moving average is $30.03 and its two-hundred day simple moving average is $31.10.

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.