iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Shares Gap Down – What’s Next?

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) gapped down before the market opened on Tuesday . The stock had previously closed at $29.28, but opened at $28.19. iMGP DBi Managed Futures Strategy ETF shares last traded at $28.1720, with a volume of 73,913 shares traded.

iMGP DBi Managed Futures Strategy ETF Stock Performance

The stock’s fifty day moving average price is $28.71 and its 200-day moving average price is $27.21. The firm has a market cap of $1.88 billion, a PE ratio of 24.50 and a beta of -0.20.

iMGP DBi Managed Futures Strategy ETF Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th will be issued a $1.168 dividend. The ex-dividend date is Tuesday, December 30th. This represents a $4.67 dividend on an annualized basis and a dividend yield of 16.6%. This is an increase from iMGP DBi Managed Futures Strategy ETF’s previous quarterly dividend of $0.14.

Institutional Trading of iMGP DBi Managed Futures Strategy ETF

Institutional investors have recently bought and sold shares of the company. Parcion Private Wealth LLC purchased a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the 3rd quarter worth about $41,968,000. Raymond James Financial Inc. raised its position in 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 worth $33,078,000 after acquiring an additional 455,884 shares during the last quarter. Tidal Investments LLC raised its position in iMGP DBi Managed Futures Strategy ETF by 107.3% during the third quarter. Tidal Investments LLC now owns 703,075 shares of the company’s stock worth $19,201,000 after acquiring an additional 363,998 shares during the last quarter. Rockland Trust Co. purchased a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the second quarter valued at about $7,542,000. Finally, Savant Capital LLC grew its position in shares of iMGP DBi Managed Futures Strategy ETF by 37.3% in the third quarter. Savant Capital LLC now owns 967,384 shares of the company’s stock valued at $26,419,000 after purchasing an additional 262,849 shares during the last quarter.

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.