Truist Financial Corp Decreases Stake in Simplify Managed Futures Strategy ETF (NYSEARCA:CTA)

Truist Financial Corp lowered its position in Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) by 19.8% in the 2nd quarter, HoldingsChannel reports. The fund owned 36,165 shares of the company’s stock after selling 8,948 shares during the period. Truist Financial Corp’s holdings in Simplify Managed Futures Strategy ETF were worth $922,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in CTA. Jane Street Group LLC purchased a new stake in Simplify Managed Futures Strategy ETF in the 4th quarter worth about $9,917,000. Royal Bank of Canada purchased a new stake in Simplify Managed Futures Strategy ETF in the 3rd quarter worth about $2,847,000. Financial Enhancement Group LLC bought a new position in Simplify Managed Futures Strategy ETF in the 1st quarter worth about $2,241,000. Private Advisor Group LLC bought a new position in Simplify Managed Futures Strategy ETF in the 1st quarter worth about $1,868,000. Finally, ORG Partners LLC bought a new position in Simplify Managed Futures Strategy ETF in the 1st quarter worth about $1,700,000.

Simplify Managed Futures Strategy ETF Stock Performance

Shares of NYSEARCA CTA opened at $26.66 on Tuesday. Simplify Managed Futures Strategy ETF has a 52 week low of $23.30 and a 52 week high of $29.90. The business has a 50-day simple moving average of $26.70 and a two-hundred day simple moving average of $25.86.

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.