Cowa LLC Makes New Investment in Simplify Managed Futures Strategy ETF (NYSEARCA:CTA)

Cowa LLC bought a new position in shares of Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 107,657 shares of the company’s stock, valued at approximately $3,001,000. Simplify Managed Futures Strategy ETF comprises approximately 1.4% of Cowa LLC’s investment portfolio, making the stock its 22nd largest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kestra Investment Management LLC bought a new position in Simplify Managed Futures Strategy ETF during the fourth quarter worth about $42,000. Geneos Wealth Management Inc. raised its stake in shares of Simplify Managed Futures Strategy ETF by 214.8% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,574 shares of the company’s stock valued at $44,000 after purchasing an additional 1,074 shares during the period. Farther Finance Advisors LLC acquired a new stake in shares of Simplify Managed Futures Strategy ETF in the 3rd quarter valued at about $75,000. New Wave Wealth Advisors LLC acquired a new stake in shares of Simplify Managed Futures Strategy ETF in the 4th quarter valued at about $79,000. Finally, Decker Retirement Planning Inc. acquired a new stake in shares of Simplify Managed Futures Strategy ETF in the 4th quarter valued at about $91,000.

Simplify Managed Futures Strategy ETF Price Performance

CTA opened at $29.76 on Friday. The business’s 50-day moving average price is $28.65 and its two-hundred day moving average price is $27.32. Simplify Managed Futures Strategy ETF has a 1 year low of $24.40 and a 1 year high of $30.21.

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.