Shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF – Get Free Report) saw an uptick in trading volume on Thursday. Approximately 7,290,919 shares traded hands during mid-day trading, an increase of 309% from the previous session’s volume of 1,784,695 shares. The stock last traded at $32.7990 and had previously closed at $33.06.
iMGP DBi Managed Futures Strategy ETF Stock Down 0.7%
The stock has a market capitalization of $5.58 billion, a P/E ratio of 24.50 and a beta of -0.21. The company has a 50-day moving average price of $31.93 and a two-hundred day moving average price of $31.17.
iMGP DBi Managed Futures Strategy ETF Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 29th were given a $0.1456 dividend. This represents a $0.58 dividend on an annualized basis and a dividend yield of 1.8%. This is a drop from iMGP DBi Managed Futures Strategy ETF’s previous quarterly dividend of $0.1529. The ex-dividend date was Tuesday, September 29th.
Institutional Trading of iMGP DBi Managed Futures Strategy ETF
Several institutional investors and hedge funds have recently modified their holdings of DBMF. MBM Wealth Consultants LLC bought a new stake in iMGP DBi Managed Futures Strategy ETF during the first quarter valued at approximately $30,000. Highland Investment Advisors LLC bought a new position in shares of iMGP DBi Managed Futures Strategy ETF during the 2nd quarter valued at about $33,000. Capital Advisors Ltd. LLC bought a new stake in iMGP DBi Managed Futures Strategy ETF in the 1st quarter worth approximately $34,000. Allworth Financial LP grew its position in iMGP DBi Managed Futures Strategy ETF by 1,596.0% during the second quarter. Allworth Financial LP now owns 1,713 shares of the company’s stock valued at $52,000 after acquiring an additional 1,612 shares during the last quarter. Finally, MCF Advisors LLC purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF during the second quarter worth approximately $64,000.
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.
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