Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) Hits New 12-Month High – What’s Next?

Shares of Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) hit a new 52-week high on Friday . The company traded as high as $30.15 and last traded at $30.2020, with a volume of 110 shares changing hands. The stock had previously closed at $29.99.

Simplify Managed Futures Strategy ETF Stock Up 0.8%

The stock’s 50 day moving average is $28.28 and its 200 day moving average is $27.81.

Simplify Managed Futures Strategy ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 27th. Investors of record on Tuesday, February 24th were issued a $0.15 dividend. 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 was Tuesday, February 24th. This represents a c) annualized dividend and a dividend yield of 6.0%.

Institutional Investors Weigh In On Simplify Managed Futures Strategy ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. CWM LLC increased its holdings in shares of 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 acquiring an additional 328,154 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings 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 buying an additional 592,038 shares during the last quarter. Boothe Investment Group Inc. boosted its position 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 worth $47,119,000 after buying an additional 156,382 shares during the period. Bank of America Corp DE grew its holdings 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 buying an additional 12,920 shares in the last quarter. Finally, AE Wealth Management LLC increased its position 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 acquiring an additional 226,842 shares during the period.

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.