Baird Financial Group Inc. Grows Position in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Baird Financial Group Inc. increased its holdings in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 264.2% in the fourth quarter, Holdings Channel reports. The firm owned 166,279 shares of the company’s stock after buying an additional 120,620 shares during the period. Baird Financial Group Inc.’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $4,350,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Lake Street Private Wealth LLC raised its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 1.7% in the 4th quarter. Lake Street Private Wealth LLC now owns 26,752 shares of the company’s stock valued at $700,000 after buying an additional 453 shares during the period. ORG Partners LLC increased its stake in iMGP DBi Managed Futures Strategy ETF by 8.0% during the fourth quarter. ORG Partners LLC now owns 7,684 shares of the company’s stock worth $201,000 after purchasing an additional 570 shares during the period. Nwam LLC lifted its position in shares of iMGP DBi Managed Futures Strategy ETF by 2.6% during the fourth quarter. Nwam LLC now owns 28,123 shares of the company’s stock worth $736,000 after purchasing an additional 707 shares in the last quarter. Ethos Financial Group LLC boosted its stake in shares of iMGP DBi Managed Futures Strategy ETF by 5.4% in the fourth quarter. Ethos Financial Group LLC now owns 21,020 shares of the company’s stock valued at $548,000 after purchasing an additional 1,085 shares during the period. Finally, Moors & Cabot Inc. grew its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 16.7% in the fourth quarter. Moors & Cabot Inc. now owns 8,750 shares of the company’s stock valued at $229,000 after purchasing an additional 1,250 shares in the last quarter.

iMGP DBi Managed Futures Strategy ETF Stock Up 0.4 %

Shares of DBMF opened at $25.31 on Friday. The company has a market cap of $1.14 billion, a P/E ratio of 24.50 and a beta of -0.15. iMGP DBi Managed Futures Strategy ETF has a fifty-two week low of $24.52 and a fifty-two week high of $30.63. The firm’s 50 day moving average price is $25.20 and its 200 day moving average price is $26.22.

iMGP DBi Managed Futures Strategy ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a dividend of $0.1789 per share. The ex-dividend date of this dividend was Thursday, March 27th.

iMGP DBi Managed Futures Strategy ETF 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.