New York Life Investment Management LLC Has $15.70 Million Stake in iMGP DBi Managed Futures Strategy ETF $DBMF

New York Life Investment Management LLC lifted its stake in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 21.1% during the third quarter, HoldingsChannel reports. The fund owned 574,888 shares of the company’s stock after purchasing an additional 100,068 shares during the quarter. New York Life Investment Management LLC’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $15,700,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Parcion Private Wealth LLC acquired a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the third quarter worth $41,968,000. Raymond James Financial Inc. raised its holdings in 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 valued at $33,078,000 after acquiring an additional 455,884 shares in the last quarter. Cardinal Point Capital Management ULC lifted its position in iMGP DBi Managed Futures Strategy ETF by 3.5% in the third 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 during the period. Savant Capital LLC lifted its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 37.3% during 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. Finally, Envestnet Asset Management Inc. lifted its stake 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 purchasing an additional 18,243 shares during the period.

iMGP DBi Managed Futures Strategy ETF Stock Performance

Shares of NYSEARCA DBMF opened at $30.62 on Tuesday. iMGP DBi Managed Futures Strategy ETF has a 52-week low of $24.52 and a 52-week high of $30.68. The stock has a market cap of $2.48 billion, a PE ratio of 24.50 and a beta of -0.20. The business has a fifty day moving average of $29.04 and a two-hundred day moving average of $27.90.

iMGP DBi Managed Futures Strategy ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were given a $1.168 dividend. This is a boost from iMGP DBi Managed Futures Strategy ETF’s previous quarterly dividend of $0.14. The ex-dividend date was Tuesday, December 30th. This represents a $4.67 annualized dividend and a yield of 15.3%.

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.