iMGP DBi Managed Futures Strategy ETF $DBMF Stock Position Raised by Fortitude Family Office LLC

Fortitude Family Office LLC lifted its holdings in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 7.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 593,778 shares of the company’s stock after buying an additional 40,805 shares during the period. iMGP DBi Managed Futures Strategy ETF makes up 3.3% of Fortitude Family Office LLC’s holdings, making the stock its 8th biggest position. Fortitude Family Office LLC owned 0.35% of iMGP DBi Managed Futures Strategy ETF worth $19,316,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MBM Wealth Consultants LLC purchased a new stake in iMGP DBi Managed Futures Strategy ETF during the 1st quarter valued at about $30,000. Highland Investment Advisors LLC acquired a new stake in iMGP DBi Managed Futures Strategy ETF in the 2nd quarter valued at about $33,000. Capital Advisors Ltd. LLC purchased a new position in iMGP DBi Managed Futures Strategy ETF in the 1st quarter worth approximately $34,000. Allworth Financial LP lifted its stake in iMGP DBi Managed Futures Strategy ETF by 1,596.0% in the 2nd quarter. Allworth Financial LP now owns 1,713 shares of the company’s stock worth $52,000 after purchasing an additional 1,612 shares in the last quarter. Finally, MCF Advisors LLC purchased a new position in iMGP DBi Managed Futures Strategy ETF in the 2nd quarter worth approximately $64,000.

iMGP DBi Managed Futures Strategy ETF Price Performance

Shares of iMGP DBi Managed Futures Strategy ETF stock opened at $33.06 on Thursday. The stock has a market cap of $5.62 billion, a P/E ratio of 24.50 and a beta of -0.21. The stock’s 50 day simple moving average is $31.93 and its 200-day simple moving average is $31.17. iMGP DBi Managed Futures Strategy ETF has a 1-year low of $27.92 and a 1-year high of $33.60.

iMGP DBi Managed Futures Strategy ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 29th were given a dividend of $0.1456 per share. The ex-dividend date was Tuesday, September 29th. This is a negative change from iMGP DBi Managed Futures Strategy ETF’s previous quarterly dividend of $0.1529. This represents a $0.58 dividend on an annualized basis and a yield of 1.8%.

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.