195,951 Shares in iMGP DBi Managed Futures Strategy ETF $DBMF Purchased by Gainline Financial Partners LLC

Gainline Financial Partners LLC bought a new stake in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 195,951 shares of the company’s stock, valued at approximately $5,998,000. iMGP DBi Managed Futures Strategy ETF comprises about 5.6% of Gainline Financial Partners LLC’s holdings, making the stock its 6th biggest position. Gainline Financial Partners LLC owned 0.15% of iMGP DBi Managed Futures Strategy ETF at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in DBMF. JPMorgan Chase & Co. boosted its position in shares of iMGP DBi Managed Futures Strategy ETF by 139,913.0% in the fourth 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 position in iMGP DBi Managed Futures Strategy ETF during the fourth quarter worth $87,820,000. Bank of America Corp DE boosted its holdings in iMGP DBi Managed Futures Strategy ETF by 625.1% in the 1st 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 during the period. Royal Bank of Canada boosted its holdings in iMGP DBi Managed Futures Strategy ETF by 240.8% in the 4th 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. grew its position in iMGP DBi Managed Futures Strategy ETF by 54.9% in the 2nd quarter. Raymond James Financial Inc. now owns 1,285,564 shares of the company’s stock worth $33,078,000 after purchasing an additional 455,884 shares during the last quarter.

iMGP DBi Managed Futures Strategy ETF Stock Performance

NYSEARCA:DBMF opened at $31.44 on Friday. The firm’s 50-day moving average is $31.05 and its 200-day moving average is $30.81. iMGP DBi Managed Futures Strategy ETF has a 52-week low of $26.21 and a 52-week high of $31.66. The company has a market cap of $4.20 billion, a price-to-earnings ratio of 24.50 and a beta of -0.19.

iMGP DBi Managed Futures Strategy ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 29th were issued a $0.1529 dividend. This is a boost from iMGP DBi Managed Futures Strategy ETF’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Monday, June 29th. This represents a $0.61 annualized dividend and a yield of 1.9%.

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.