Worth Asset Management LLC Has $3.20 Million Stake in iMGP DBi Managed Futures Strategy ETF $DBMF

Worth Asset Management LLC raised its holdings in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 1,275.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 114,036 shares of the company’s stock after buying an additional 105,746 shares during the period. iMGP DBi Managed Futures Strategy ETF comprises approximately 1.4% of Worth Asset Management LLC’s investment portfolio, making the stock its 16th biggest holding. Worth Asset Management LLC’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $3,200,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of DBMF. Farther Finance Advisors LLC lifted its position in shares of iMGP DBi Managed Futures Strategy ETF by 49.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 160,870 shares of the company’s stock valued at $4,393,000 after acquiring an additional 53,394 shares during the period. Canal Capital Management LLC boosted its stake in shares of iMGP DBi Managed Futures Strategy ETF by 131.7% in the 2nd quarter. Canal Capital Management LLC now owns 92,471 shares of the company’s stock valued at $2,379,000 after purchasing an additional 52,555 shares in the last quarter. AmeriServ Wealth Advisors bought a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the third quarter worth $2,171,000. Flow Traders U.S. LLC bought a new stake in iMGP DBi Managed Futures Strategy ETF during the 2nd quarter worth $755,000. Finally, CoreCap Advisors LLC increased its stake in shares of iMGP DBi Managed Futures Strategy ETF by 24.9% in the third quarter. CoreCap Advisors LLC now owns 161,695 shares of the company’s stock valued at $4,416,000 after buying an additional 32,233 shares during the period.

iMGP DBi Managed Futures Strategy ETF Stock Up 1.2%

NYSEARCA DBMF opened at $30.23 on Friday. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 24.50 and a beta of -0.20. The stock has a fifty day simple moving average of $30.25 and a 200 day simple moving average of $28.99. iMGP DBi Managed Futures Strategy ETF has a twelve month low of $24.52 and a twelve month high of $31.66.

iMGP DBi Managed Futures Strategy ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were paid a dividend of $1.168 per share. This is a boost from iMGP DBi Managed Futures Strategy ETF’s previous quarterly dividend of $0.14. This represents a $4.67 annualized dividend and a yield of 15.5%. The ex-dividend date of this dividend was Tuesday, December 30th.

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.