iMGP DBi Managed Futures Strategy ETF $DBMF Shares Bought by New York Life Investment Management LLC

New York Life Investment Management LLC increased its position in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 21.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 574,888 shares of the company’s stock after buying an additional 100,068 shares during the quarter. New York Life Investment Management LLC owned about 0.86% of iMGP DBi Managed Futures Strategy ETF worth $15,700,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Parcion Private Wealth LLC acquired a new stake in iMGP DBi Managed Futures Strategy ETF in the 3rd quarter valued at about $41,968,000. Raymond James Financial Inc. grew its stake in shares of iMGP DBi Managed Futures Strategy ETF by 54.9% in the 2nd quarter. Raymond James Financial Inc. now owns 1,285,564 shares of the company’s stock worth $33,078,000 after purchasing an additional 455,884 shares during the last quarter. Cardinal Point Capital Management ULC raised its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 3.5% in the 3rd quarter. Cardinal Point Capital Management ULC now owns 1,123,011 shares of the company’s stock worth $31,411,000 after purchasing an additional 38,016 shares in the last quarter. Savant Capital LLC lifted its stake in iMGP DBi Managed Futures Strategy ETF by 37.3% during the third quarter. Savant Capital LLC now owns 967,384 shares of the company’s stock valued at $26,419,000 after purchasing an additional 262,849 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in iMGP DBi Managed Futures Strategy ETF by 2.9% during the third quarter. Envestnet Asset Management Inc. now owns 651,561 shares of the company’s stock worth $17,794,000 after buying an additional 18,243 shares in the last quarter.

iMGP DBi Managed Futures Strategy ETF Stock Performance

NYSEARCA DBMF opened at $30.62 on Tuesday. iMGP DBi Managed Futures Strategy ETF has a 1 year low of $24.52 and a 1 year high of $30.68. The business’s fifty day moving average is $29.04 and its two-hundred day moving average is $27.90. The stock has a market capitalization of $2.48 billion, a P/E ratio of 24.50 and a beta of -0.20.

iMGP DBi Managed Futures Strategy ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th were issued 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 annualized dividend and a dividend yield of 15.3%. The ex-dividend date of this dividend was Tuesday, December 30th.

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.