iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Reaches New 52-Week High Following Dividend Announcement

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Tuesday following a dividend announcement from the company. The company traded as high as $32.80 and last traded at $32.61, with a volume of 2932896 shares. The stock had previously closed at $32.49.

The newly announced dividend which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 29th were issued a $0.1456 dividend. This represents a $0.58 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Tuesday, September 29th. This is a decrease from iMGP DBi Managed Futures Strategy ETF’s previous quarterly dividend of $0.1529.

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iMGP DBi Managed Futures Strategy ETF Trading Up 0.3%

The firm has a market cap of $5.20 billion, a PE ratio of 24.50 and a beta of -0.19. The business has a fifty day moving average price of $31.52 and a 200 day moving average price of $30.97.

Hedge Funds Weigh In On iMGP DBi Managed Futures Strategy ETF

Several hedge funds have recently added to or reduced their stakes in DBMF. TIAA Trust National Association purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF during the fourth quarter worth about $87,820,000. Bank of America Corp DE raised its stake in iMGP DBi Managed Futures Strategy ETF by 625.1% during the 1st quarter. Bank of America Corp DE now owns 1,519,544 shares of the company’s stock valued at $45,814,000 after acquiring an additional 1,309,969 shares during the last quarter. Prentice Wealth Management LLC purchased a new stake in iMGP DBi Managed Futures Strategy ETF during the 1st quarter valued at approximately $13,136,000. LPL Financial LLC lifted its position in iMGP DBi Managed Futures Strategy ETF by 6.7% during the 4th quarter. LPL Financial LLC now owns 5,637,634 shares of the company’s stock worth $158,192,000 after acquiring an additional 355,157 shares during the period. Finally, Gainline Financial Partners LLC acquired a new stake in iMGP DBi Managed Futures Strategy ETF during the 2nd quarter worth approximately $5,998,000.

About iMGP DBi Managed Futures Strategy ETF

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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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