JPMorgan Chase & Co. Increases Position in Simplify Managed Futures Strategy ETF $CTA

JPMorgan Chase & Co. boosted its position in Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) by 235,980.0% during the third quarter, Holdings Channel reports. The fund owned 236,080 shares of the company’s stock after acquiring an additional 235,980 shares during the period. JPMorgan Chase & Co.’s holdings in Simplify Managed Futures Strategy ETF were worth $6,603,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. purchased a new position in shares of Simplify Managed Futures Strategy ETF during the 2nd quarter valued at about $31,000. WFA of San Diego LLC bought a new position in Simplify Managed Futures Strategy ETF during the second quarter valued at approximately $36,000. Comerica Bank raised its stake in shares of Simplify Managed Futures Strategy ETF by 71,450.0% during the third quarter. Comerica Bank now owns 1,431 shares of the company’s stock worth $40,000 after acquiring an additional 1,429 shares in the last quarter. CoreCap Advisors LLC lifted its holdings in shares of Simplify Managed Futures Strategy ETF by 34.0% in the 3rd quarter. CoreCap Advisors LLC now owns 1,980 shares of the company’s stock worth $55,000 after acquiring an additional 502 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in shares of Simplify Managed Futures Strategy ETF in the 2nd quarter worth approximately $88,000.

Simplify Managed Futures Strategy ETF Stock Down 1.3%

Shares of Simplify Managed Futures Strategy ETF stock opened at $30.22 on Wednesday. Simplify Managed Futures Strategy ETF has a 52-week low of $26.36 and a 52-week high of $30.92. The company has a fifty day moving average of $29.39 and a 200-day moving average of $28.19.

Simplify Managed Futures Strategy ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Tuesday, February 24th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, February 24th. This is a positive change from Simplify Managed Futures Strategy ETF’s previous monthly dividend of $0.10. This represents a c) annualized dividend and a yield of 6.0%.

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.