iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Sees Unusually-High Trading Volume – Should You Buy?

Shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) saw an uptick in trading volume on Tuesday . 1,365,615 shares traded hands during trading, an increase of 59% from the previous session’s volume of 857,355 shares.The stock last traded at $29.6250 and had previously closed at $29.30.

iMGP DBi Managed Futures Strategy ETF Stock Up 1.4%

The firm has a market cap of $2.32 billion, a P/E ratio of 24.50 and a beta of -0.20. The firm’s fifty day moving average is $28.82 and its two-hundred day moving average is $27.62.

iMGP DBi Managed Futures Strategy ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 30th were paid a dividend of $1.168 per share. This is a positive change from iMGP DBi Managed Futures Strategy ETF’s previous quarterly dividend of $0.14. This represents a $4.67 dividend on an annualized basis and a dividend yield of 15.7%. The ex-dividend date of this dividend was Tuesday, December 30th.

Institutional Trading of iMGP DBi Managed Futures Strategy ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC purchased a new stake in iMGP DBi Managed Futures Strategy ETF during the third quarter valued at approximately $152,000. Inspire Advisors LLC bought a new stake in iMGP DBi Managed Futures Strategy ETF during the second quarter valued at about $207,000. Octavia Wealth Advisors LLC purchased a new position in iMGP DBi Managed Futures Strategy ETF in the 4th quarter worth approximately $213,000. Frankly Finances LLC bought a new position in shares of iMGP DBi Managed Futures Strategy ETF during the fourth quarter worth $214,000. Finally, Legacy Capital Wealth Partners LLC bought a new position in shares of iMGP DBi Managed Futures Strategy ETF during the 4th quarter valued at about $216,000.

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.