Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) Hits New 1-Year High – Here’s Why

Simplify Managed Futures Strategy ETF (NYSEARCA:CTA)’s share price 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. The stock had previously closed at $30.74.

Simplify Managed Futures Strategy ETF Trading Down 0.7%

The firm has a 50-day moving average of $29.63 and a two-hundred day moving average of $28.30.

Simplify Managed Futures Strategy ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 27th. Investors of record on Tuesday, February 24th were given a dividend of $0.15 per share. This is an increase from Simplify Managed Futures Strategy ETF’s previous monthly dividend of $0.10. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date was Tuesday, February 24th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. MGO One Seven LLC raised its position in Simplify Managed Futures Strategy ETF by 2.7% during the third quarter. MGO One Seven LLC now owns 14,023 shares of the company’s stock valued at $392,000 after acquiring an additional 373 shares in the last quarter. IFP Advisors Inc raised its position in Simplify Managed Futures Strategy ETF by 4.8% during the third quarter. IFP Advisors Inc now owns 9,750 shares of the company’s stock valued at $273,000 after acquiring an additional 451 shares in the last quarter. CoreCap Advisors LLC raised its position in Simplify Managed Futures Strategy ETF by 34.0% during the third quarter. CoreCap Advisors LLC now owns 1,980 shares of the company’s stock valued at $55,000 after acquiring an additional 502 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Simplify Managed Futures Strategy ETF by 4.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 12,238 shares of the company’s stock valued at $334,000 after acquiring an additional 508 shares in the last quarter. Finally, J.Safra Asset Management Corp raised its position in Simplify Managed Futures Strategy ETF by 10.0% during the fourth quarter. J.Safra Asset Management Corp now owns 5,787 shares of the company’s stock valued at $158,000 after acquiring an additional 527 shares in 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.