Independent Financial Group LLC Purchases New Stake in Simplify Managed Futures Strategy ETF $CTA

Independent Financial Group LLC acquired a new stake in shares of Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 23,060 shares of the company’s stock, valued at approximately $697,000.

Several other hedge funds and other institutional investors also recently modified their holdings of CTA. MBM Wealth Consultants LLC acquired a new stake in shares of Simplify Managed Futures Strategy ETF in the 1st quarter valued at about $28,000. WFA of San Diego LLC bought a new stake in Simplify Managed Futures Strategy ETF in the second quarter valued at about $36,000. Comerica Bank increased its holdings in Simplify Managed Futures Strategy ETF by 71,450.0% in the third quarter. Comerica Bank now owns 1,431 shares of the company’s stock valued at $40,000 after buying an additional 1,429 shares during the last quarter. Fifth Third Bancorp acquired a new stake in Simplify Managed Futures Strategy ETF during the first quarter valued at approximately $43,000. Finally, Private Trust Co. NA raised its stake in Simplify Managed Futures Strategy ETF by 86.7% during the fourth quarter. Private Trust Co. NA now owns 1,845 shares of the company’s stock valued at $50,000 after buying an additional 857 shares in the last quarter.

Simplify Managed Futures Strategy ETF Stock Up 1.3%

NYSEARCA:CTA opened at $27.71 on Wednesday. The business’s 50 day moving average is $28.19 and its two-hundred day moving average is $28.99. Simplify Managed Futures Strategy ETF has a 52 week low of $25.64 and a 52 week high of $32.76.

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.