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

Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) shares hit 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 changing hands. The stock had previously closed at $32.02.

Simplify Managed Futures Strategy ETF Price Performance

The stock’s 50-day moving average is $30.43 and its 200-day moving average is $28.79.

Institutional Investors Weigh In On Simplify Managed Futures Strategy ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Boothe Investment Group Inc. lifted its holdings in Simplify Managed Futures Strategy ETF by 0.6% in the 1st quarter. Boothe Investment Group Inc. now owns 1,738,929 shares of the company’s stock valued at $52,550,000 after acquiring an additional 10,425 shares during the last quarter. Western Wealth Management LLC lifted its holdings in Simplify Managed Futures Strategy ETF by 3.2% in the 1st quarter. Western Wealth Management LLC now owns 114,544 shares of the company’s stock valued at $3,462,000 after acquiring an additional 3,567 shares during the last quarter. Bank of America Corp DE lifted its holdings 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 last quarter. Cumberland Partners Ltd lifted its holdings in Simplify Managed Futures Strategy ETF by 13.7% in the 1st quarter. Cumberland Partners Ltd now owns 125,469 shares of the company’s stock valued at $3,792,000 after acquiring an additional 15,147 shares during the last quarter. Finally, Signature Equity Partners LLC lifted its holdings in Simplify Managed Futures Strategy ETF by 639.2% in the 1st quarter. Signature Equity Partners LLC now owns 887 shares of the company’s stock valued at $27,000 after acquiring an additional 767 shares during the last quarter.

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.