iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Reaches New 52-Week High – Should You Buy?

Shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) hit a new 52-week high during trading on Tuesday . The company traded as high as $29.23 and last traded at $28.93, with a volume of 1636808 shares trading hands. The stock had previously closed at $28.97.

iMGP DBi Managed Futures Strategy ETF Stock Performance

The company has a market cap of $1.92 billion, a P/E ratio of 24.50 and a beta of -0.20. The business’s 50-day moving average price is $28.49 and its 200 day moving average price is $26.93.

iMGP DBi Managed Futures Strategy ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 29th were issued a dividend of $0.1411 per share. The ex-dividend date was Monday, September 29th. This represents a $0.56 dividend on an annualized basis and a yield of 2.0%.

Institutional Trading of iMGP DBi Managed Futures Strategy ETF

A number of hedge funds have recently made changes to their positions in DBMF. ORG Partners LLC boosted its stake in iMGP DBi Managed Futures Strategy ETF by 7.0% in the 2nd quarter. ORG Partners LLC now owns 14,785 shares of the company’s stock valued at $381,000 after purchasing an additional 968 shares during the period. Flow Traders U.S. LLC acquired a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the second quarter worth $755,000. Focus Financial Network Inc. boosted its position in shares of iMGP DBi Managed Futures Strategy ETF by 12.2% in the second quarter. Focus Financial Network Inc. now owns 9,440 shares of the company’s stock valued at $243,000 after acquiring an additional 1,023 shares during the period. Canal Capital Management LLC boosted its position in shares of iMGP DBi Managed Futures Strategy ETF by 131.7% in the second quarter. Canal Capital Management LLC now owns 92,471 shares of the company’s stock valued at $2,379,000 after acquiring an additional 52,555 shares during the period. Finally, Fortitude Family Office LLC grew its stake in shares of iMGP DBi Managed Futures Strategy ETF by 9.2% in the second quarter. Fortitude Family Office LLC now owns 339,371 shares of the company’s stock valued at $8,732,000 after acquiring an additional 28,486 shares in the last quarter.

iMGP DBi Managed Futures Strategy ETF Company Profile

The iMGP DBi Managed Futures Strategy ETF (DBMF) is an exchange-traded fund that is based on the Goldman Sachs Hedge Fund VIP index. The fund aims to emulate the performance of a group of CTA hedge funds. The funds model allocates weights to derivatives selected by the funds active managers. DBMF was launched on May 8, 2019 and is managed by iM.