Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) Reaches New 12-Month High – Still a Buy?

Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $32.76 and last traded at $32.66, with a volume of 417129 shares. The stock had previously closed at $32.02.

Simplify Managed Futures Strategy ETF Trading Up 0.3%

The firm has a 50-day simple moving average of $30.35 and a 200 day simple moving average of $28.72.

Institutional Investors Weigh In On Simplify Managed Futures Strategy ETF

Several hedge funds have recently bought and sold shares of CTA. Signature Equity Partners LLC increased its stake in shares of Simplify Managed Futures Strategy ETF by 639.2% during the first quarter. Signature Equity Partners LLC now owns 887 shares of the company’s stock valued at $27,000 after purchasing an additional 767 shares in the last quarter. MBM Wealth Consultants LLC bought a new stake in shares of Simplify Managed Futures Strategy ETF in the 1st quarter worth approximately $28,000. WFA of San Diego LLC purchased a new stake in shares of Simplify Managed Futures Strategy ETF in the 2nd quarter worth approximately $36,000. Comerica Bank grew its stake in shares of Simplify Managed Futures Strategy ETF by 71,450.0% in the 3rd quarter. Comerica Bank now owns 1,431 shares of the company’s stock worth $40,000 after buying an additional 1,429 shares during the last quarter. Finally, Parallel Advisors LLC bought a new position in Simplify Managed Futures Strategy ETF during the 1st quarter valued at approximately $42,000.

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.