Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) Sets New 52-Week High – Here’s Why

Shares of Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) reached a new 52-week high on Friday . The stock traded as high as $30.41 and last traded at $30.20, with a volume of 245549 shares. The stock had previously closed at $30.08.

Simplify Managed Futures Strategy ETF Stock Up 0.5%

The business has a 50 day simple moving average of $28.55 and a 200-day simple moving average of $27.91.

Simplify Managed Futures Strategy ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Tuesday, February 24th were issued a $0.15 dividend. The ex-dividend date was Tuesday, February 24th. This is a positive change from Simplify Managed Futures Strategy ETF’s previous monthly dividend of $0.10. This represents a c) dividend on an annualized basis and a yield of 6.0%.

Hedge Funds Weigh In On Simplify Managed Futures Strategy ETF

Institutional investors have recently made changes to their positions in the stock. SHP Wealth Management bought a new position in shares of Simplify Managed Futures Strategy ETF during the 4th quarter worth about $479,000. Compound Planning Inc. increased its position in Simplify Managed Futures Strategy ETF by 22.2% in the 4th quarter. Compound Planning Inc. now owns 371,201 shares of the company’s stock valued at $10,119,000 after buying an additional 67,531 shares in the last quarter. Axxcess Wealth Management LLC bought a new stake in Simplify Managed Futures Strategy ETF in the 4th quarter valued at about $1,706,000. Strive Financial Group LLC acquired a new position in Simplify Managed Futures Strategy ETF during the 4th quarter worth approximately $201,000. Finally, Beacon Pointe Advisors LLC acquired a new position in Simplify Managed Futures Strategy ETF during the 4th quarter worth approximately $218,000.

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.