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
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.
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