iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Hits New 1-Year High – Still a Buy?

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

iMGP DBi Managed Futures Strategy ETF Stock Down 0.2%

The business’s 50 day moving average price is $28.63 and its 200-day moving average price is $27.09. The company has a market cap of $1.96 billion, a PE ratio of 24.50 and a beta of -0.20.

iMGP DBi Managed Futures Strategy ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 29th were issued a $0.1411 dividend. The ex-dividend date was Monday, September 29th. This represents a $0.56 dividend on an annualized basis and a yield of 1.9%.

Institutional Trading of iMGP DBi Managed Futures Strategy ETF

Large investors have recently modified their holdings of the business. Centaurus Financial Inc. boosted its holdings in iMGP DBi Managed Futures Strategy ETF by 207.4% in the third quarter. Centaurus Financial Inc. now owns 33,150 shares of the company’s stock valued at $905,000 after purchasing an additional 22,365 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF in the 3rd quarter valued at approximately $152,000. Tidal Investments LLC boosted its stake in shares of iMGP DBi Managed Futures Strategy ETF by 107.3% during the 3rd quarter. Tidal Investments LLC now owns 703,075 shares of the company’s stock valued at $19,201,000 after buying an additional 363,998 shares during the last quarter. Strategic Wealth Partners Ltd. purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF during the 3rd quarter valued at approximately $576,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of iMGP DBi Managed Futures Strategy ETF by 3.9% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,969,299 shares of the company’s stock worth $53,782,000 after buying an additional 73,114 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.