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

Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) hit a new 52-week high during trading on Wednesday . The stock traded as high as $30.89 and last traded at $30.84, with a volume of 79686 shares. The stock had previously closed at $30.64.

Simplify Managed Futures Strategy ETF Trading Down 1.6%

The stock’s fifty day moving average is $29.10 and its 200 day moving average is $28.07.

Simplify Managed Futures Strategy ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Tuesday, February 24th were given 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 dividend yield of 5.9%.

Institutional Trading of Simplify Managed Futures Strategy ETF

A number of institutional investors have recently modified their holdings of CTA. MGO One Seven LLC boosted its stake in shares of Simplify Managed Futures Strategy ETF by 2.7% during the 3rd quarter. MGO One Seven LLC now owns 14,023 shares of the company’s stock valued at $392,000 after purchasing an additional 373 shares in the last quarter. IFP Advisors Inc raised its stake in Simplify Managed Futures Strategy ETF by 4.8% in the third quarter. IFP Advisors Inc now owns 9,750 shares of the company’s stock worth $273,000 after buying an additional 451 shares in the last quarter. CoreCap Advisors LLC raised its stake in Simplify Managed Futures Strategy ETF by 34.0% in the third quarter. CoreCap Advisors LLC now owns 1,980 shares of the company’s stock worth $55,000 after buying an additional 502 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Simplify Managed Futures Strategy ETF by 4.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 12,238 shares of the company’s stock worth $334,000 after buying an additional 508 shares during the period. Finally, J.Safra Asset Management Corp lifted its holdings in Simplify Managed Futures Strategy ETF by 10.0% in the fourth quarter. J.Safra Asset Management Corp now owns 5,787 shares of the company’s stock worth $158,000 after buying an additional 527 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.