Pasadena Private Wealth LLC Takes Position in Simplify Managed Futures Strategy ETF (NYSEARCA:CTA)

Pasadena Private Wealth LLC purchased a new position in Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 180,934 shares of the company’s stock, valued at approximately $5,046,000. Simplify Managed Futures Strategy ETF accounts for about 1.0% of Pasadena Private Wealth LLC’s investment portfolio, making the stock its 21st largest position.

A number of other institutional investors have also added to or reduced their stakes in CTA. Kestra Investment Management LLC bought a new stake in shares of Simplify Managed Futures Strategy ETF during the 4th quarter valued at $42,000. Geneos Wealth Management Inc. boosted its stake in Simplify Managed Futures Strategy ETF by 214.8% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,574 shares of the company’s stock worth $44,000 after acquiring an additional 1,074 shares in the last quarter. New Wave Wealth Advisors LLC purchased a new stake in Simplify Managed Futures Strategy ETF in the fourth quarter worth about $79,000. Farther Finance Advisors LLC bought a new position in shares of Simplify Managed Futures Strategy ETF during the third quarter valued at approximately $75,000. Finally, 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.

Simplify Managed Futures Strategy ETF Price Performance

Shares of CTA opened at $29.92 on Wednesday. The business’s 50 day moving average price is $28.53 and its 200-day moving average price is $27.26. Simplify Managed Futures Strategy ETF has a 52 week low of $24.40 and a 52 week high of $29.98.

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.