Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) Sets New 12-Month High – Should You Buy?

Simplify Managed Futures Strategy ETF (NYSEARCA:CTA)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $30.64 and last traded at $30.62, with a volume of 54594 shares traded. The stock had previously closed at $30.27.

Simplify Managed Futures Strategy ETF Stock Performance

The company has a 50 day moving average price of $28.74 and a 200-day moving average price of $27.96.

Simplify Managed Futures Strategy ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Tuesday, February 24th were issued a $0.15 dividend. This represents a c) dividend on an annualized basis and a yield of 5.9%. This is a boost from Simplify Managed Futures Strategy ETF’s previous monthly dividend of $0.10. The ex-dividend date was Tuesday, February 24th.

Institutional Trading of Simplify Managed Futures Strategy ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. CWM LLC increased its holdings in Simplify Managed Futures Strategy ETF by 12.6% in the 4th quarter. CWM LLC now owns 2,939,794 shares of the company’s stock worth $80,139,000 after buying an additional 328,154 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Simplify Managed Futures Strategy ETF by 25.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,892,787 shares of the company’s stock worth $80,162,000 after purchasing an additional 592,038 shares during the period. Boothe Investment Group Inc. grew its holdings in Simplify Managed Futures Strategy ETF by 9.9% during the 4th quarter. Boothe Investment Group Inc. now owns 1,728,504 shares of the company’s stock valued at $47,119,000 after purchasing an additional 156,382 shares during the last quarter. Bank of America Corp DE raised its position in Simplify Managed Futures Strategy ETF by 0.8% in the 2nd quarter. Bank of America Corp DE now owns 1,727,721 shares of the company’s stock worth $46,199,000 after purchasing an additional 12,920 shares during the period. Finally, LPL Financial LLC boosted its holdings in Simplify Managed Futures Strategy ETF by 28.8% during the 4th quarter. LPL Financial LLC now owns 1,072,343 shares of the company’s stock valued at $29,232,000 after acquiring an additional 239,712 shares during the period.

Simplify Managed Futures Strategy ETF Company Profile

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.