iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Hits New 1-Year High – Should You Buy?

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $31.71 and last traded at $31.62, with a volume of 47851 shares traded. The stock had previously closed at $31.33.

iMGP DBi Managed Futures Strategy ETF Stock Up 1.0%

The firm has a 50 day moving average of $31.10 and a 200-day moving average of $30.83. The company has a market cap of $4.23 billion, a P/E ratio of 24.50 and a beta of -0.19.

iMGP DBi Managed Futures Strategy ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 29th were issued a dividend of $0.1529 per share. This represents a $0.61 annualized dividend and a yield of 1.9%. The ex-dividend date was Monday, June 29th. This is a positive change from iMGP DBi Managed Futures Strategy ETF’s previous quarterly dividend of $0.12.

Institutional Investors Weigh In On iMGP DBi Managed Futures Strategy ETF

Large investors have recently modified their holdings of the business. JPMorgan Chase & Co. grew its stake in shares of iMGP DBi Managed Futures Strategy ETF by 139,913.0% during the fourth quarter. JPMorgan Chase & Co. now owns 7,374,483 shares of the company’s stock worth $206,928,000 after acquiring an additional 7,369,216 shares during the last quarter. TIAA Trust National Association purchased a new position in iMGP DBi Managed Futures Strategy ETF during the 4th quarter worth approximately $87,820,000. Bank of America Corp DE boosted its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 625.1% in the 1st quarter. Bank of America Corp DE now owns 1,519,544 shares of the company’s stock valued at $45,814,000 after acquiring an additional 1,309,969 shares during the last quarter. Royal Bank of Canada increased its stake in shares of iMGP DBi Managed Futures Strategy ETF by 240.8% in the fourth quarter. Royal Bank of Canada now owns 759,975 shares of the company’s stock worth $21,325,000 after acquiring an additional 537,000 shares during the period. Finally, Raymond James Financial Inc. lifted its position in iMGP DBi Managed Futures Strategy ETF by 54.9% during the second quarter. Raymond James Financial Inc. now owns 1,285,564 shares of the company’s stock valued at $33,078,000 after purchasing an additional 455,884 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.