Private Advisor Group LLC Boosts Stock Holdings in iMGP DBi Managed Futures Strategy ETF $DBMF

Private Advisor Group LLC increased its position in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 8.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 432,719 shares of the company’s stock after acquiring an additional 32,159 shares during the period. Private Advisor Group LLC owned about 0.65% of iMGP DBi Managed Futures Strategy ETF worth $11,818,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Longview Financial Advisors Inc. increased its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 1.7% in the 3rd quarter. Longview Financial Advisors Inc. now owns 137,173 shares of the company’s stock worth $3,746,000 after purchasing an additional 2,354 shares in the last quarter. Entrewealth LLC raised its stake in shares of iMGP DBi Managed Futures Strategy ETF by 29.6% in the third quarter. Entrewealth LLC now owns 117,463 shares of the company’s stock worth $3,208,000 after purchasing an additional 26,795 shares during the last quarter. Perennial Investment Advisors LLC lifted its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 11.0% during the third quarter. Perennial Investment Advisors LLC now owns 49,865 shares of the company’s stock valued at $1,362,000 after purchasing an additional 4,937 shares in the last quarter. IFG Advisory LLC lifted its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 2.0% during the third quarter. IFG Advisory LLC now owns 63,639 shares of the company’s stock valued at $1,738,000 after purchasing an additional 1,243 shares in the last quarter. Finally, AmeriServ Wealth Advisors purchased a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the third quarter valued at $2,171,000.

iMGP DBi Managed Futures Strategy ETF Stock Performance

NYSEARCA DBMF opened at $30.93 on Wednesday. iMGP DBi Managed Futures Strategy ETF has a one year low of $24.52 and a one year high of $31.66. The stock has a 50-day moving average of $29.77 and a 200 day moving average of $28.63. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 24.50 and a beta of -0.20.

iMGP DBi Managed Futures Strategy ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th were issued a dividend of $1.168 per share. This represents a $4.67 dividend on an annualized basis and a dividend yield of 15.1%. The ex-dividend date of this dividend was Tuesday, December 30th. This is a boost from iMGP DBi Managed Futures Strategy ETF’s previous quarterly dividend of $0.14.

iMGP DBi Managed Futures Strategy ETF 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.