Encompass More Asset Management Takes $895,000 Position in Simplify Managed Futures Strategy ETF (NYSEARCA:CTA)

Encompass More Asset Management purchased a new position in Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) in the fourth quarter, HoldingsChannel reports. The fund purchased 32,090 shares of the company’s stock, valued at approximately $895,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC bought a new stake in shares of Simplify Managed Futures Strategy ETF in the 3rd quarter worth about $75,000. Decker Retirement Planning Inc. bought a new position in shares of Simplify Managed Futures Strategy ETF during the fourth quarter valued at approximately $91,000. Raleigh Capital Management Inc. bought a new stake in shares of Simplify Managed Futures Strategy ETF in the 3rd quarter worth approximately $171,000. Lloyd Advisory Services LLC. acquired a new position in Simplify Managed Futures Strategy ETF during the 3rd quarter valued at approximately $216,000. Finally, Prospera Private Wealth LLC acquired a new stake in Simplify Managed Futures Strategy ETF in the third quarter worth $239,000.

Simplify Managed Futures Strategy ETF Stock Down 0.2 %

CTA stock opened at $28.88 on Friday. Simplify Managed Futures Strategy ETF has a fifty-two week low of $23.36 and a fifty-two week high of $29.17. The firm’s 50-day simple moving average is $27.99 and its 200 day simple moving average is $26.89.

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.