MAI Capital Management Purchases New Stake in Simplify Managed Futures Strategy ETF $CTA

MAI Capital Management acquired a new position in shares of Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 189,180 shares of the company’s stock, valued at approximately $5,291,000.

Several other institutional investors and hedge funds also recently bought and sold shares of CTA. Evolution Wealth Management Inc. purchased a new stake in shares of Simplify Managed Futures Strategy ETF in the second quarter worth approximately $31,000. WFA of San Diego LLC purchased a new position in Simplify Managed Futures Strategy ETF during the second quarter valued at approximately $36,000. CoreCap Advisors LLC increased its stake in 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 valued at $55,000 after buying an additional 502 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new stake in Simplify Managed Futures Strategy ETF in the 2nd quarter worth approximately $88,000. Finally, J.Safra Asset Management Corp lifted its position in Simplify Managed Futures Strategy ETF by 114.7% in the 3rd quarter. J.Safra Asset Management Corp now owns 5,260 shares of the company’s stock worth $147,000 after buying an additional 2,810 shares in the last quarter.

Simplify Managed Futures Strategy ETF Stock Performance

Simplify Managed Futures Strategy ETF stock opened at $29.99 on Friday. The company’s fifty day simple moving average is $28.22 and its 200-day simple moving average is $27.78. Simplify Managed Futures Strategy ETF has a 12 month low of $26.36 and a 12 month high of $30.12.

Simplify Managed Futures Strategy ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Tuesday, February 24th will be paid a $0.15 dividend. This represents a c) dividend on an annualized basis and a yield of 6.0%. This is an increase from Simplify Managed Futures Strategy ETF’s previous monthly dividend of $0.10. The ex-dividend date is Tuesday, February 24th.

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.