Independence Wealth Advisors LLC Makes New Investment in Simplify Managed Futures Strategy ETF $CTA

Independence Wealth Advisors LLC bought a new stake in shares of Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 890,051 shares of the company’s stock, valued at approximately $24,263,000. Simplify Managed Futures Strategy ETF accounts for 13.6% of Independence Wealth Advisors LLC’s holdings, making the stock its largest holding.

Other hedge funds have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Simplify Managed Futures Strategy ETF by 25.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,892,787 shares of the company’s stock worth $80,162,000 after buying an additional 592,038 shares during the period. CWM LLC boosted its holdings in Simplify Managed Futures Strategy ETF by 9.9% during the 3rd quarter. CWM LLC now owns 2,611,640 shares of the company’s stock valued at $73,048,000 after acquiring an additional 235,801 shares during the period. Bank of America Corp DE boosted its holdings in Simplify Managed Futures Strategy ETF by 0.8% during the 2nd quarter. Bank of America Corp DE now owns 1,727,721 shares of the company’s stock valued at $46,199,000 after acquiring an additional 12,920 shares during the period. Boothe Investment Group Inc. grew its position in Simplify Managed Futures Strategy ETF by 44.0% in the 3rd quarter. Boothe Investment Group Inc. now owns 1,572,122 shares of the company’s stock valued at $43,972,000 after acquiring an additional 480,429 shares during the last quarter. Finally, IAG Wealth Partners LLC bought a new position in Simplify Managed Futures Strategy ETF in the 3rd quarter valued at $21,713,000.

Simplify Managed Futures Strategy ETF Trading Up 0.1%

CTA stock opened at $30.37 on Monday. Simplify Managed Futures Strategy ETF has a twelve month low of $26.36 and a twelve month high of $30.92. The business’s fifty day simple moving average is $29.15 and its two-hundred day simple moving average is $28.08.

Simplify Managed Futures Strategy ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 24th were issued a $0.15 dividend. The ex-dividend date was Tuesday, February 24th. This is a boost 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%.

Simplify Managed Futures Strategy ETF 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.