iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Sets New 1-Year High – Here’s What Happened

Shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $29.39 and last traded at $29.3850, with a volume of 40834 shares traded. The stock had previously closed at $29.30.

iMGP DBi Managed Futures Strategy ETF Stock Performance

The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 24.50 and a beta of -0.20. The firm has a fifty day moving average price of $28.57 and a 200 day moving average price of $27.04.

iMGP DBi Managed Futures Strategy ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 29th were given a dividend of $0.1411 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Monday, September 29th.

Hedge Funds Weigh In On iMGP DBi Managed Futures Strategy ETF

A number of large investors have recently made changes to their positions in DBMF. Advisory Services Network LLC acquired a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the third quarter valued at about $152,000. Inspire Advisors LLC acquired a new position in iMGP DBi Managed Futures Strategy ETF during the second quarter worth about $207,000. Worth Asset Management LLC purchased a new position in iMGP DBi Managed Futures Strategy ETF in the third quarter valued at about $226,000. Harbour Investments Inc. lifted its position in shares of iMGP DBi Managed Futures Strategy ETF by 8.5% during the 2nd quarter. Harbour Investments Inc. now owns 8,933 shares of the company’s stock valued at $230,000 after acquiring an additional 698 shares during the period. Finally, Focus Financial Network Inc. boosted its stake in shares of iMGP DBi Managed Futures Strategy ETF by 12.2% during the 2nd quarter. Focus Financial Network Inc. now owns 9,440 shares of the company’s stock worth $243,000 after acquiring an additional 1,023 shares in 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.