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

Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) shares reached a new 52-week high during trading on Monday . The company traded as high as $31.16 and last traded at $31.16, with a volume of 9231 shares trading hands. The stock had previously closed at $30.74.

Simplify Managed Futures Strategy ETF Stock Up 1.4%

The company has a 50 day moving average of $29.54 and a two-hundred day moving average of $28.25.

Simplify Managed Futures Strategy ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 24th were issued a dividend of $0.15 per share. This is a boost from Simplify Managed Futures Strategy ETF’s previous monthly dividend of $0.10. The ex-dividend date was Tuesday, February 24th. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%.

Institutional Investors Weigh In On Simplify Managed Futures Strategy ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Evolution Wealth Management Inc. bought a new position in Simplify Managed Futures Strategy ETF during the 2nd quarter valued at approximately $31,000. WFA of San Diego LLC purchased a new stake in shares of Simplify Managed Futures Strategy ETF during the second quarter valued at approximately $36,000. Comerica Bank increased its position in shares of Simplify Managed Futures Strategy ETF by 71,450.0% during the third quarter. Comerica Bank now owns 1,431 shares of the company’s stock valued at $40,000 after acquiring an additional 1,429 shares in the last quarter. Private Trust Co. NA raised its holdings in Simplify Managed Futures Strategy ETF by 86.7% in the 4th quarter. Private Trust Co. NA now owns 1,845 shares of the company’s stock worth $50,000 after acquiring an additional 857 shares during the last quarter. Finally, CoreCap Advisors LLC raised its holdings 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.

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.