Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) Shares Gap Up – What’s Next?

Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) gapped up before the market opened on Monday . The stock had previously closed at $29.23, but opened at $30.25. Simplify Managed Futures Strategy ETF shares last traded at $29.98, with a volume of 583,698 shares changing hands.

Simplify Managed Futures Strategy ETF Trading Up 3.7%

The company has a fifty day moving average of $29.67 and a two-hundred day moving average of $28.32.

Simplify Managed Futures Strategy ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Investors of record on Tuesday, February 24th were issued a dividend of $0.15 per share. 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 5.9%.

Institutional Investors Weigh In On Simplify Managed Futures Strategy ETF

Hedge funds have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its holdings in Simplify Managed Futures Strategy ETF by 2,620.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,300,749 shares of the company’s stock worth $64,904,000 after buying an additional 2,216,173 shares during the period. Independence Wealth Advisors LLC acquired a new position in Simplify Managed Futures Strategy ETF during the 4th quarter worth about $24,263,000. IAG Wealth Partners LLC acquired a new position in Simplify Managed Futures Strategy ETF during the 3rd quarter worth about $21,713,000. Assetmark Inc. acquired a new position in Simplify Managed Futures Strategy ETF during the 4th quarter worth about $15,373,000. Finally, Boothe Investment Group Inc. lifted its holdings in Simplify Managed Futures Strategy ETF by 44.0% during the 3rd quarter. Boothe Investment Group Inc. now owns 1,572,122 shares of the company’s stock worth $43,972,000 after buying an additional 480,429 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.