Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) to Issue Monthly Dividend of $0.10

Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) declared a monthly dividend on Monday, January 26th. Shareholders of record on Tuesday, January 27th will be paid a dividend of 0.10 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Tuesday, January 27th.

Simplify Managed Futures Strategy ETF Stock Performance

Simplify Managed Futures Strategy ETF stock traded down $0.29 during trading hours on Tuesday, hitting $28.23. 9,848 shares of the stock traded hands, compared to its average volume of 349,750. The firm’s 50-day moving average price is $27.32 and its two-hundred day moving average price is $27.58. Simplify Managed Futures Strategy ETF has a one year low of $26.36 and a one year high of $30.21.

Institutional Investors Weigh In On Simplify Managed Futures Strategy ETF

Several institutional investors have recently made changes to their positions in CTA. CWM LLC grew its holdings in Simplify Managed Futures Strategy ETF by 10,420.5% in the second quarter. CWM LLC now owns 2,375,839 shares of the company’s stock worth $63,530,000 after purchasing an additional 2,353,256 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Simplify Managed Futures Strategy ETF by 2,620.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,300,749 shares of the company’s stock valued at $64,904,000 after buying an additional 2,216,173 shares during the period. Boothe Investment Group Inc. purchased a new stake in shares of Simplify Managed Futures Strategy ETF in the second quarter valued at about $29,192,000. Independence Wealth Advisors LLC acquired a new position in Simplify Managed Futures Strategy ETF during the fourth quarter worth about $24,263,000. Finally, IAG Wealth Partners LLC acquired a new stake in shares of Simplify Managed Futures Strategy ETF in the third quarter worth approximately $21,713,000.

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.