Independent Financial Group LLC Invests $697,000 in Simplify Managed Futures Strategy ETF $CTA

Independent Financial Group LLC acquired a new position in Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 23,060 shares of the company’s stock, valued at approximately $697,000.

Other hedge funds have also recently bought and sold shares of the company. MBM Wealth Consultants LLC bought a new position in Simplify Managed Futures Strategy ETF in the 1st quarter worth about $28,000. WFA of San Diego LLC bought a new stake in shares of Simplify Managed Futures Strategy ETF during the second quarter valued at approximately $36,000. Comerica Bank boosted its position 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 buying an additional 1,429 shares during the period. Fifth Third Bancorp acquired a new position in shares of Simplify Managed Futures Strategy ETF during the first quarter worth approximately $43,000. Finally, Private Trust Co. NA boosted its position in shares of Simplify Managed Futures Strategy ETF by 86.7% during the fourth quarter. Private Trust Co. NA now owns 1,845 shares of the company’s stock worth $50,000 after buying an additional 857 shares during the period.

Simplify Managed Futures Strategy ETF Price Performance

Shares of CTA stock opened at $27.71 on Wednesday. Simplify Managed Futures Strategy ETF has a 12-month low of $25.64 and a 12-month high of $32.76. The business has a 50 day simple moving average of $28.19 and a 200 day simple moving average of $28.99.

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.