iMGP DBi Managed Futures Strategy ETF $DBMF Shares Purchased by Fortitude Family Office LLC

Fortitude Family Office LLC lifted its position in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 7.4% in the third quarter, HoldingsChannel reports. The firm owned 593,778 shares of the company’s stock after buying an additional 40,805 shares during the period. iMGP DBi Managed Futures Strategy ETF makes up about 3.3% of Fortitude Family Office LLC’s portfolio, making the stock its 8th biggest holding. Fortitude Family Office LLC’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $19,316,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DBMF. MBM Wealth Consultants LLC purchased a new position in iMGP DBi Managed Futures Strategy ETF during the first quarter worth about $30,000. Highland Investment Advisors LLC acquired a new position in iMGP DBi Managed Futures Strategy ETF in the 2nd quarter valued at about $33,000. Capital Advisors Ltd. LLC acquired a new position in iMGP DBi Managed Futures Strategy ETF in the 1st quarter valued at about $34,000. Allworth Financial LP grew its stake in shares of iMGP DBi Managed Futures Strategy ETF by 1,596.0% in the 2nd quarter. Allworth Financial LP now owns 1,713 shares of the company’s stock valued at $52,000 after buying an additional 1,612 shares during the period. Finally, MCF Advisors LLC purchased a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the 2nd quarter valued at approximately $64,000.

iMGP DBi Managed Futures Strategy ETF Price Performance

Shares of NYSEARCA DBMF opened at $33.06 on Thursday. The company has a 50 day simple moving average of $31.93 and a 200-day simple moving average of $31.17. The company has a market capitalization of $5.62 billion, a P/E ratio of 24.50 and a beta of -0.21. iMGP DBi Managed Futures Strategy ETF has a 1 year low of $27.92 and a 1 year high of $33.60.

iMGP DBi Managed Futures Strategy ETF Cuts Dividend

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

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.