iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Sees Large Volume Increase – Here’s What Happened

Shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) saw an uptick in trading volume on Tuesday . 2,469,967 shares traded hands during trading, an increase of 136% from the previous session’s volume of 1,044,456 shares.The stock last traded at $29.4040 and had previously closed at $29.19.

iMGP DBi Managed Futures Strategy ETF Stock Performance

The firm has a market capitalization of $2.32 billion, a P/E ratio of 24.50 and a beta of -0.20. The firm has a 50 day simple moving average of $28.93 and a two-hundred day simple moving average of $27.76.

iMGP DBi Managed Futures Strategy ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 30th were given a dividend of $1.168 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a $4.67 annualized dividend and a dividend yield of 15.9%. 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

A number of institutional investors and hedge funds have recently modified their holdings of the business. LFA Lugano Financial Advisors SA boosted its position in iMGP DBi Managed Futures Strategy ETF by 50.1% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 3,033 shares of the company’s stock worth $85,000 after purchasing an additional 1,013 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF in the 3rd quarter worth about $152,000. Advisors Preferred LLC bought a new position in iMGP DBi Managed Futures Strategy ETF during the fourth quarter valued at about $182,000. Inspire Advisors LLC bought a new position in iMGP DBi Managed Futures Strategy ETF during the second quarter valued at about $207,000. Finally, Able Wealth Management LLC purchased a new stake in iMGP DBi Managed Futures Strategy ETF during the fourth quarter worth about $211,000.

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.