ORG Wealth Partners LLC Takes $648,000 Position in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

ORG Wealth Partners LLC acquired a new position in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 23,027 shares of the company’s stock, valued at approximately $648,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Fairman Group LLC bought a new position in iMGP DBi Managed Futures Strategy ETF in the fourth quarter worth approximately $39,000. Midwest Financial Group LLC lifted its stake in shares of iMGP DBi Managed Futures Strategy ETF by 2.9% during the 1st quarter. Midwest Financial Group LLC now owns 62,826 shares of the company’s stock worth $1,802,000 after purchasing an additional 1,798 shares during the last quarter. Worth Asset Management LLC bought a new stake in iMGP DBi Managed Futures Strategy ETF during the first quarter valued at about $489,000. Dynamic Advisor Solutions LLC grew its stake in iMGP DBi Managed Futures Strategy ETF by 8.3% in the first quarter. Dynamic Advisor Solutions LLC now owns 58,469 shares of the company’s stock valued at $1,677,000 after purchasing an additional 4,488 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC purchased a new position in iMGP DBi Managed Futures Strategy ETF in the first quarter valued at about $221,000.

iMGP DBi Managed Futures Strategy ETF Stock Performance

NYSEARCA:DBMF opened at $27.60 on Monday. The company’s 50-day simple moving average is $27.84 and its 200-day simple moving average is $28.95. iMGP DBi Managed Futures Strategy ETF has a fifty-two week low of $25.60 and a fifty-two week high of $30.63. The stock has a market capitalization of $964.07 million, a P/E ratio of 24.50 and a beta of 0.04.

iMGP DBi Managed Futures Strategy ETF Announces Dividend

The company also recently announced a dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 27th were paid a $0.2507 dividend. The ex-dividend date of this dividend was Friday, September 27th.

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.