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

Simplify Managed Futures Strategy ETF (NYSEARCA:CTA)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $30.15 and last traded at $30.2020, with a volume of 110 shares traded. The stock had previously closed at $29.99.

Simplify Managed Futures Strategy ETF Trading Up 0.4%

The company’s fifty day simple moving average is $28.22 and its two-hundred day simple moving average is $27.78.

Simplify Managed Futures Strategy ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Tuesday, February 24th will be paid a dividend of $0.15 per share. This is a positive change from Simplify Managed Futures Strategy ETF’s previous monthly dividend of $0.10. The ex-dividend date of this dividend is Tuesday, February 24th. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%.

Institutional Investors Weigh In On Simplify Managed Futures Strategy ETF

A number of institutional investors and hedge funds have recently bought and sold shares of CTA. CWM LLC increased its position in Simplify Managed Futures Strategy ETF by 12.6% during the fourth 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 fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,892,787 shares of the company’s stock valued at $80,162,000 after acquiring an additional 592,038 shares during the last quarter. Boothe Investment Group Inc. boosted its stake in shares of Simplify Managed Futures Strategy ETF by 9.9% during the fourth quarter. Boothe Investment Group Inc. now owns 1,728,504 shares of the company’s stock valued at $47,119,000 after acquiring an additional 156,382 shares during the last quarter. Bank of America Corp DE increased its position in Simplify Managed Futures Strategy ETF by 0.8% during 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 in the last quarter. Finally, AE Wealth Management LLC raised its stake in Simplify Managed Futures Strategy ETF by 23.3% in the 2nd quarter. AE Wealth Management LLC now owns 1,198,924 shares of the company’s stock valued at $32,059,000 after purchasing an additional 226,842 shares during the last quarter.

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.