iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Sees Unusually-High Trading Volume

Shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) saw strong trading volume on Tuesday . 391,867 shares traded hands during trading, an increase of 23% from the previous session’s volume of 318,338 shares.The stock last traded at $29.30 and had previously closed at $29.23.

iMGP DBi Managed Futures Strategy ETF Stock Performance

The stock has a market capitalization of $984.97 million, a P/E ratio of 24.50 and a beta of -0.14. The firm has a 50-day moving average price of $28.20 and a 200 day moving average price of $27.54.

Institutional Investors Weigh In On iMGP DBi Managed Futures Strategy ETF

Institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its position in shares of iMGP DBi Managed Futures Strategy ETF by 2,402.1% in the third quarter. JPMorgan Chase & Co. now owns 7,074,260 shares of the company’s stock valued at $204,446,000 after acquiring an additional 6,791,529 shares during the period. Miracle Mile Advisors LLC grew its stake in shares of iMGP DBi Managed Futures Strategy ETF by 9.0% in the third quarter. Miracle Mile Advisors LLC now owns 2,425,513 shares of the company’s stock worth $70,097,000 after purchasing an additional 199,830 shares during the last quarter. Naviter Wealth LLC increased its holdings in iMGP DBi Managed Futures Strategy ETF by 477.7% during the 1st quarter. Naviter Wealth LLC now owns 1,514,886 shares of the company’s stock valued at $43,447,000 after purchasing an additional 1,252,680 shares during the period. Envestnet Asset Management Inc. raised its position in iMGP DBi Managed Futures Strategy ETF by 4.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,317,148 shares of the company’s stock valued at $38,066,000 after purchasing an additional 57,379 shares during the last quarter. Finally, LPL Financial LLC raised its position in iMGP DBi Managed Futures Strategy ETF by 217.0% during the 3rd quarter. LPL Financial LLC now owns 1,039,828 shares of the company’s stock valued at $30,051,000 after purchasing an additional 711,763 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.