Elyxium Wealth LLC Increases Stake in iMGP DBi Managed Futures Strategy ETF $DBMF

Elyxium Wealth LLC increased its stake in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 74.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,990 shares of the company’s stock after buying an additional 39,670 shares during the period. Elyxium Wealth LLC owned 0.14% of iMGP DBi Managed Futures Strategy ETF worth $2,540,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Inspire Advisors LLC bought a new position in shares of iMGP DBi Managed Futures Strategy ETF in the 2nd quarter worth approximately $207,000. Worth Asset Management LLC bought a new position in iMGP DBi Managed Futures Strategy ETF in the third quarter worth $226,000. Harbour Investments Inc. lifted its position in iMGP DBi Managed Futures Strategy ETF by 8.5% during the second quarter. Harbour Investments Inc. now owns 8,933 shares of the company’s stock valued at $230,000 after buying an additional 698 shares during the period. L2 Asset Management LLC bought a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the 2nd quarter valued at $246,000. Finally, Focus Financial Network Inc. increased its stake in shares of iMGP DBi Managed Futures Strategy ETF by 7.2% in the 3rd quarter. Focus Financial Network Inc. now owns 10,115 shares of the company’s stock worth $276,000 after acquiring an additional 675 shares in the last quarter.

iMGP DBi Managed Futures Strategy ETF Price Performance

NYSEARCA:DBMF opened at $30.16 on Friday. iMGP DBi Managed Futures Strategy ETF has a one year low of $24.52 and a one year high of $30.51. The company’s 50-day simple moving average is $29.00 and its 200 day simple moving average is $27.84. The firm has a market capitalization of $2.44 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 declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were paid a $1.168 dividend. This represents a $4.67 annualized dividend and a dividend yield of 15.5%. The ex-dividend date was Tuesday, December 30th. This is an increase from iMGP DBi Managed Futures Strategy ETF’s previous quarterly dividend of $0.14.

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.