Cowa LLC Acquires Shares of 107,657 Simplify Managed Futures Strategy ETF (NYSEARCA:CTA)

Cowa LLC acquired a new stake in Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 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 holdings, making the stock its 22nd largest holding. Cowa LLC owned about 1.59% of Simplify Managed Futures Strategy ETF as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Kestra Investment Management LLC bought a new position in Simplify Managed Futures Strategy ETF in the 4th quarter valued at $42,000. Geneos Wealth Management Inc. boosted its position 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 worth $44,000 after purchasing an additional 1,074 shares during the last quarter. New Wave Wealth Advisors LLC bought a new position in shares of Simplify Managed Futures Strategy ETF in the 4th quarter worth $79,000. Farther Finance Advisors LLC bought a new position in shares of Simplify Managed Futures Strategy ETF in the 3rd quarter worth $75,000. Finally, Decker Retirement Planning Inc. bought a new position in shares of Simplify Managed Futures Strategy ETF in the 4th quarter worth $91,000.

Simplify Managed Futures Strategy ETF Stock Performance

NYSEARCA:CTA opened at $29.76 on Friday. Simplify Managed Futures Strategy ETF has a 12-month low of $24.40 and a 12-month high of $30.21. The stock’s fifty day simple moving average is $28.65 and its 200-day simple moving average is $27.32.

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.