Shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF – Get Free Report) saw strong trading volume on Friday . Approximately 3,521,413 shares were traded during trading, an increase of 136% from the previous session’s volume of 1,489,254 shares.The stock last traded at $31.41 and had previously closed at $31.49.
iMGP DBi Managed Futures Strategy ETF Stock Down 0.3%
The firm has a market cap of $3.98 billion, a price-to-earnings ratio of 24.50 and a beta of -0.20. The firm has a 50 day moving average of $30.90 and a 200 day moving average of $30.42.
Institutional Trading of iMGP DBi Managed Futures Strategy ETF
Several large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its position in shares of iMGP DBi Managed Futures Strategy ETF by 139,913.0% during the 4th quarter. JPMorgan Chase & Co. now owns 7,374,483 shares of the company’s stock valued at $206,928,000 after acquiring an additional 7,369,216 shares during the period. TIAA Trust National Association bought a new stake in iMGP DBi Managed Futures Strategy ETF in the fourth quarter valued at $87,820,000. Bank of America Corp DE increased its stake in iMGP DBi Managed Futures Strategy ETF by 625.1% in the first quarter. Bank of America Corp DE now owns 1,519,544 shares of the company’s stock valued at $45,814,000 after purchasing an additional 1,309,969 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 240.8% during the fourth quarter. Royal Bank of Canada now owns 759,975 shares of the company’s stock valued at $21,325,000 after purchasing an additional 537,000 shares during the period. Finally, Raymond James Financial Inc. raised its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 54.9% during the second quarter. Raymond James Financial Inc. now owns 1,285,564 shares of the company’s stock valued at $33,078,000 after purchasing an additional 455,884 shares during the period.
About iMGP DBi Managed Futures Strategy ETF
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.
Further Reading
- Five stocks we like better than iMGP DBi Managed Futures Strategy ETF
- AMD and Cerbras Create A New Blueprint For Hardware
- Intel Earnings Reveal Whether the Chip Selloff Created a Buy
- CrowdStrike’s Cerebras Deal Puts Its AI Security Strategy to the Test
- Plugging In: How Kinder Morgan Powers Up Profits
Receive News & Ratings for iMGP DBi Managed Futures Strategy ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iMGP DBi Managed Futures Strategy ETF and related companies with MarketBeat.com's FREE daily email newsletter.
