Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) Sets New 12-Month Low – Should You Sell?

Shares of Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $26.18 and last traded at $26.25, with a volume of 55677 shares traded. The stock had previously closed at $26.69.

Simplify Managed Futures Strategy ETF Stock Performance

The stock has a 50-day moving average price of $29.73 and a 200 day moving average price of $29.09.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Bank of America Corp DE grew its stake in Simplify Managed Futures Strategy ETF by 336.9% in the 1st quarter. Bank of America Corp DE now owns 4,467,832 shares of the company’s stock valued at $135,018,000 after acquiring an additional 3,445,308 shares during the period. Independence Wealth Advisors LLC acquired a new position in Simplify Managed Futures Strategy ETF during the fourth quarter worth $24,263,000. IAG Wealth Partners LLC acquired a new position in Simplify Managed Futures Strategy ETF during the third quarter worth $21,713,000. Wealth Enhancement Advisory Services LLC lifted its holdings in Simplify Managed Futures Strategy ETF by 25.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,892,787 shares of the company’s stock valued at $80,162,000 after purchasing an additional 592,038 shares in the last quarter. Finally, Assetmark Inc. acquired a new stake in shares of Simplify Managed Futures Strategy ETF in the fourth quarter valued at about $15,373,000.

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.