Pekin Hardy Strauss Inc. Takes $1.71 Million Position in Simplify Managed Futures Strategy ETF $CTA

Pekin Hardy Strauss Inc. acquired a new position in shares of Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 63,795 shares of the company’s stock, valued at approximately $1,706,000. Pekin Hardy Strauss Inc. owned 0.16% of Simplify Managed Futures Strategy ETF at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Allworth Financial LP purchased a new stake in shares of Simplify Managed Futures Strategy ETF during the 1st quarter worth $34,000. J.Safra Asset Management Corp acquired a new stake in shares of Simplify Managed Futures Strategy ETF in the second quarter valued at about $52,000. Ameritas Advisory Services LLC purchased a new stake in Simplify Managed Futures Strategy ETF during the second quarter worth about $65,000. Simplex Trading LLC purchased a new stake in Simplify Managed Futures Strategy ETF during the first quarter worth about $70,000. Finally, Park Square Financial Group LLC acquired a new position in Simplify Managed Futures Strategy ETF during the first quarter worth about $74,000.

Simplify Managed Futures Strategy ETF Trading Down 1.3%

CTA stock opened at $26.88 on Friday. The firm has a 50 day moving average of $27.85 and a 200-day moving average of $27.67. Simplify Managed Futures Strategy ETF has a 12-month low of $26.10 and a 12-month high of $30.21.

About Simplify Managed Futures Strategy ETF

The Simplify Managed Futures Strategy ETF (CTA) is an exchange-traded fund that mostly invests in global macro alternatives. The fund seeks absolute returns that have low correlation to the equities market. The actively managed fund uses futures in commodity, currency, and fixed income. CTA was launched on Mar 7, 2022 and is managed by Simplify.