iMGP DBi Managed Futures Strategy ETF $DBMF Stake Lessened by RHS Financial LLC

RHS Financial LLC lessened its stake in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 5.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,250 shares of the company’s stock after selling 2,905 shares during the period. RHS Financial LLC owned about 0.11% of iMGP DBi Managed Futures Strategy ETF worth $1,293,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its stake in shares of iMGP DBi Managed Futures Strategy ETF by 82.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 82,765 shares of the company’s stock worth $2,091,000 after buying an additional 37,290 shares during the last quarter. ORG Partners LLC increased its stake in iMGP DBi Managed Futures Strategy ETF by 7.0% during the second quarter. ORG Partners LLC now owns 14,785 shares of the company’s stock valued at $381,000 after purchasing an additional 968 shares during the last quarter. Focus Financial Network Inc. increased its stake in iMGP DBi Managed Futures Strategy ETF by 12.2% during the second quarter. Focus Financial Network Inc. now owns 9,440 shares of the company’s stock valued at $243,000 after purchasing an additional 1,023 shares during the last quarter. Cetera Investment Advisers increased its stake in iMGP DBi Managed Futures Strategy ETF by 0.9% during the first quarter. Cetera Investment Advisers now owns 158,607 shares of the company’s stock valued at $4,006,000 after purchasing an additional 1,395 shares during the last quarter. Finally, Fortitude Family Office LLC increased its stake in iMGP DBi Managed Futures Strategy ETF by 9.2% during the second quarter. Fortitude Family Office LLC now owns 339,371 shares of the company’s stock valued at $8,732,000 after purchasing an additional 28,486 shares during the last quarter.

iMGP DBi Managed Futures Strategy ETF Price Performance

DBMF stock opened at $27.18 on Monday. iMGP DBi Managed Futures Strategy ETF has a 1-year low of $24.52 and a 1-year high of $28.54. The firm has a fifty day moving average price of $26.63 and a two-hundred day moving average price of $25.83. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 24.50 and a beta of -0.14.

iMGP DBi Managed Futures Strategy ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 29th were paid a dividend of $0.1411 per share. The ex-dividend date was Monday, September 29th. This represents a $0.56 annualized dividend and a yield of 2.1%.

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.