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

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) shares hit a new 52-week high on Wednesday . The company traded as high as $29.90 and last traded at $29.87, with a volume of 2216135 shares changing hands. The stock had previously closed at $29.30.

iMGP DBi Managed Futures Strategy ETF Trading Up 0.4%

The business has a 50 day moving average price of $28.91 and a 200-day moving average price of $27.68. The firm has a market capitalization of $2.38 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 disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 30th were given a $1.168 dividend. The ex-dividend date was Tuesday, December 30th. 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 yield of 15.5%.

Hedge Funds Weigh In On iMGP DBi Managed Futures Strategy ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. lifted its stake in shares of iMGP DBi Managed Futures Strategy ETF by 3.9% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,969,299 shares of the company’s stock valued at $53,782,000 after purchasing an additional 73,114 shares during the period. Parcion Private Wealth LLC lifted its position in shares of iMGP DBi Managed Futures Strategy ETF by 1.3% during the 4th quarter. Parcion Private Wealth LLC now owns 1,556,637 shares of the company’s stock valued at $43,679,000 after acquiring an additional 19,903 shares during the period. Raymond James Financial Inc. boosted its stake in shares of iMGP DBi Managed Futures Strategy ETF by 6.4% during the 3rd quarter. Raymond James Financial Inc. now owns 1,367,786 shares of the company’s stock worth $37,354,000 after acquiring an additional 82,222 shares in the last quarter. Cardinal Point Capital Management ULC boosted its stake in shares of iMGP DBi Managed Futures Strategy ETF by 3.5% during the 3rd quarter. Cardinal Point Capital Management ULC now owns 1,123,011 shares of the company’s stock worth $31,411,000 after acquiring an additional 38,016 shares in the last quarter. Finally, Savant Capital LLC grew its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 37.3% in the 3rd quarter. Savant Capital LLC now owns 967,384 shares of the company’s stock worth $26,419,000 after acquiring an additional 262,849 shares during the period.

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.