Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) Hits New 1-Year Low – Should You Sell?

Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) shares reached a new 52-week low during trading on Wednesday . The company traded as low as $26.18 and last traded at $26.25, with a volume of 55677 shares changing hands. The stock had previously closed at $26.69.

Simplify Managed Futures Strategy ETF Price Performance

The firm has a 50-day moving average of $29.86 and a two-hundred day moving average of $29.10.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of CTA. Brighton Jones LLC increased its position in shares of Simplify Managed Futures Strategy ETF by 39.5% during the fourth quarter. Brighton Jones LLC now owns 27,251 shares of the company’s stock valued at $760,000 after acquiring an additional 7,710 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of Simplify Managed Futures Strategy ETF by 86.3% in the 1st quarter. Royal Bank of Canada now owns 104,993 shares of the company’s stock worth $3,108,000 after acquiring an additional 48,646 shares during the last quarter. NewEdge Advisors LLC acquired a new position in shares of Simplify Managed Futures Strategy ETF in the 1st quarter worth approximately $321,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Simplify Managed Futures Strategy ETF during the 2nd quarter worth approximately $88,000. Finally, Baird Financial Group Inc. boosted its position in shares of Simplify Managed Futures Strategy ETF by 164.0% during the 2nd quarter. Baird Financial Group Inc. now owns 74,832 shares of the company’s stock worth $2,001,000 after purchasing an additional 46,482 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.