Beacon Capital Management LLC Sells 246,311 Shares of Simplify Managed Futures Strategy ETF $CTA

Beacon Capital Management LLC lessened its holdings in Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) by 33.1% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 496,936 shares of the company’s stock after selling 246,311 shares during the period. Simplify Managed Futures Strategy ETF accounts for approximately 2.0% of Beacon Capital Management LLC’s holdings, making the stock its 12th biggest position. Beacon Capital Management LLC owned about 1.17% of Simplify Managed Futures Strategy ETF worth $13,899,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Evolution Wealth Management Inc. bought a new stake in shares of Simplify Managed Futures Strategy ETF in the second quarter worth about $31,000. WFA of San Diego LLC purchased a new position in Simplify Managed Futures Strategy ETF during the 2nd quarter valued at approximately $36,000. CoreCap Advisors LLC increased its stake in Simplify Managed Futures Strategy ETF by 34.0% in the 3rd quarter. CoreCap Advisors LLC now owns 1,980 shares of the company’s stock worth $55,000 after acquiring an additional 502 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Simplify Managed Futures Strategy ETF during the 2nd quarter worth approximately $88,000. Finally, J.Safra Asset Management Corp boosted its position in shares of Simplify Managed Futures Strategy ETF by 114.7% during the 3rd quarter. J.Safra Asset Management Corp now owns 5,260 shares of the company’s stock valued at $147,000 after acquiring an additional 2,810 shares during the last quarter.

Simplify Managed Futures Strategy ETF Stock Performance

Shares of CTA opened at $28.83 on Tuesday. The company’s fifty day moving average is $27.76 and its 200 day moving average is $27.63. Simplify Managed Futures Strategy ETF has a fifty-two week low of $26.36 and a fifty-two week high of $30.21.

Simplify Managed Futures Strategy ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Tuesday, January 27th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, January 27th. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%.

Simplify Managed Futures Strategy ETF 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.