KWB Wealth Lowers Stake in Simplify Managed Futures Strategy ETF $CTA

KWB Wealth reduced its stake in shares of Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) by 89.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 11,079 shares of the company’s stock after selling 97,193 shares during the period. KWB Wealth’s holdings in Simplify Managed Futures Strategy ETF were worth $302,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CTA. Cowa LLC boosted its holdings in shares of Simplify Managed Futures Strategy ETF by 13.0% in the 3rd quarter. Cowa LLC now owns 231,664 shares of the company’s stock worth $6,480,000 after purchasing an additional 26,645 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of Simplify Managed Futures Strategy ETF during the 3rd quarter valued at about $844,000. Boothe Investment Group Inc. lifted its position in Simplify Managed Futures Strategy ETF by 44.0% in the 3rd quarter. Boothe Investment Group Inc. now owns 1,572,122 shares of the company’s stock worth $43,972,000 after buying an additional 480,429 shares during the last quarter. MAI Capital Management bought a new stake in Simplify Managed Futures Strategy ETF in the 3rd quarter worth approximately $5,291,000. Finally, NorthCrest Asset Manangement LLC boosted its stake in Simplify Managed Futures Strategy ETF by 385.9% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 176,567 shares of the company’s stock worth $4,859,000 after buying an additional 140,229 shares in the last quarter.

Simplify Managed Futures Strategy ETF Trading Down 5.0%

Shares of NYSEARCA CTA opened at $28.86 on Tuesday. Simplify Managed Futures Strategy ETF has a one year low of $26.36 and a one year high of $30.92. The firm’s 50 day simple moving average is $29.16 and its two-hundred day simple moving average is $28.09.

Simplify Managed Futures Strategy ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Tuesday, February 24th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, February 24th. This represents a c) annualized dividend and a dividend yield of 6.2%. This is an increase from Simplify Managed Futures Strategy ETF’s previous monthly dividend of $0.10.

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.