iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Hits New 12-Month High – Here’s What Happened

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF – Get Free Report) reached a new 52-week high on Monday. The company traded as high as $32.95 and last traded at $33.0860, with a volume of 2225748 shares trading hands. The stock had previously closed at $32.91.

iMGP DBi Managed Futures Strategy ETF Stock Down 0.3%

The stock has a market cap of $5.32 billion, a price-to-earnings ratio of 24.50 and a beta of -0.21. The company’s 50-day moving average is $31.65 and its 200-day moving average is $31.03.

iMGP DBi Managed Futures Strategy ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 29th were paid a $0.1456 dividend. The ex-dividend date was Tuesday, September 29th. This represents a $0.58 annualized dividend and a dividend yield of 1.8%. This is a decrease from iMGP DBi Managed Futures Strategy ETF’s previous quarterly dividend of $0.1529.

Hedge Funds Weigh In On iMGP DBi Managed Futures Strategy ETF

A number of hedge funds have recently modified their holdings of DBMF. MBM Wealth Consultants LLC acquired a new stake in iMGP DBi Managed Futures Strategy ETF in the 1st quarter valued at $30,000. Highland Investment Advisors LLC bought a new stake in iMGP DBi Managed Futures Strategy ETF in the second quarter valued at $33,000. Capital Advisors Ltd. LLC acquired a new position in iMGP DBi Managed Futures Strategy ETF during the first quarter worth $34,000. Allworth Financial LP raised its stake in iMGP DBi Managed Futures Strategy ETF by 1,596.0% during the second quarter. Allworth Financial LP now owns 1,713 shares of the company’s stock worth $52,000 after acquiring an additional 1,612 shares in the last quarter. Finally, MCF Advisors LLC bought a new position in shares of iMGP DBi Managed Futures Strategy ETF during the second quarter valued at $64,000.

About iMGP DBi Managed Futures Strategy ETF

(Get Free Report)

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

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