iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Sees Unusually-High Trading Volume – Here’s Why

Shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) saw strong trading volume on Tuesday . 1,365,615 shares changed hands during trading, an increase of 59% from the previous session’s volume of 857,355 shares.The stock last traded at $29.6250 and had previously closed at $29.30.

iMGP DBi Managed Futures Strategy ETF Stock Up 0.4%

The company’s 50 day moving average price is $28.91 and its two-hundred day moving average price is $27.68. The firm has a market cap of $2.36 billion, a PE ratio of 24.50 and a beta of -0.20.

iMGP DBi Managed Futures Strategy ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th were paid a dividend of $1.168 per share. This is a positive change from iMGP DBi Managed Futures Strategy ETF’s previous quarterly dividend of $0.14. This represents a $4.67 dividend on an annualized basis and a dividend yield of 15.5%. The ex-dividend date of this dividend was Tuesday, December 30th.

Institutional Investors Weigh In On iMGP DBi Managed Futures Strategy ETF

A number of institutional investors and hedge funds have recently modified their holdings of DBMF. LFA Lugano Financial Advisors SA increased its stake 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 period. Sanctuary Advisors LLC lifted its holdings in iMGP DBi Managed Futures Strategy ETF by 27.9% during the 4th quarter. Sanctuary Advisors LLC now owns 97,357 shares of the company’s stock valued at $2,732,000 after buying an additional 21,259 shares in the last quarter. Live Oak Investment Partners boosted its position in iMGP DBi Managed Futures Strategy ETF by 4.8% in the 4th quarter. Live Oak Investment Partners now owns 138,022 shares of the company’s stock valued at $3,873,000 after buying an additional 6,333 shares during the period. Concurrent Investment Advisors LLC grew its stake in iMGP DBi Managed Futures Strategy ETF by 44.7% in the 4th quarter. Concurrent Investment Advisors LLC now owns 47,065 shares of the company’s stock worth $1,321,000 after acquiring an additional 14,542 shares in the last quarter. Finally, Glassman Wealth Services purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF during the fourth quarter worth approximately $513,000.

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.