Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) Stock Price Up 2.7% – Time to Buy?

Simplify Managed Futures Strategy ETF (NYSEARCA:CTA)’s share price was up 2.7% on Monday . The stock traded as high as $28.36 and last traded at $28.27. Approximately 820,268 shares traded hands during trading, an increase of 41% from the average session volume of 581,517 shares. The stock had previously closed at $27.52.

Simplify Managed Futures Strategy ETF Price Performance

The stock’s 50 day moving average is $26.86 and its two-hundred day moving average is $28.84.

Institutional Investors Weigh In On Simplify Managed Futures Strategy ETF

Large investors have recently modified their holdings of the stock. Principia Wealth Advisory LLC grew its stake in shares of Simplify Managed Futures Strategy ETF by 47.1% in the 2nd quarter. Principia Wealth Advisory LLC now owns 140,243 shares of the company’s stock valued at $3,638,000 after purchasing an additional 44,936 shares during the period. Ameritas Advisory Services LLC bought a new position in shares of Simplify Managed Futures Strategy ETF during the 2nd quarter worth approximately $2,443,000. Compass Financial Management LLC bought a new position in shares of Simplify Managed Futures Strategy ETF during the 2nd quarter worth approximately $26,000. Montgomery Financial Services LLC bought a new position in shares of Simplify Managed Futures Strategy ETF during the 2nd quarter worth approximately $33,000. Finally, Strive Financial Group LLC boosted its stake in Simplify Managed Futures Strategy ETF by 9.9% in the 2nd quarter. Strive Financial Group LLC now owns 13,407 shares of the company’s stock valued at $348,000 after buying an additional 1,208 shares in 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.