Concurrent Investment Advisors LLC Purchases 99,674 Shares of iMGP DBi Managed Futures Strategy ETF $DBMF

Concurrent Investment Advisors LLC increased its position in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 15.1% during the second quarter, HoldingsChannel.com reports. The firm owned 760,768 shares of the company’s stock after buying an additional 99,674 shares during the period. Concurrent Investment Advisors LLC’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $23,287,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. JPMorgan Chase & Co. lifted its position in iMGP DBi Managed Futures Strategy ETF by 139,913.0% in the fourth quarter. JPMorgan Chase & Co. now owns 7,374,483 shares of the company’s stock worth $206,928,000 after purchasing an additional 7,369,216 shares during the period. TIAA Trust National Association bought a new stake in iMGP DBi Managed Futures Strategy ETF in the 4th quarter valued at $87,820,000. Bank of America Corp DE increased its holdings in 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 buying an additional 1,309,969 shares during the period. Royal Bank of Canada raised its stake in shares of iMGP DBi Managed Futures Strategy ETF by 240.8% in the 4th quarter. Royal Bank of Canada now owns 759,975 shares of the company’s stock valued at $21,325,000 after buying an additional 537,000 shares in the last quarter. Finally, Raymond James Financial Inc. raised its stake in shares of 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 buying an additional 455,884 shares in the last quarter.

iMGP DBi Managed Futures Strategy ETF Stock Performance

NYSEARCA:DBMF opened at $31.41 on Friday. The company has a 50-day moving average of $31.03 and a 200-day moving average of $30.81. The company has a market capitalization of $4.20 billion, a price-to-earnings ratio of 24.50 and a beta of -0.20. iMGP DBi Managed Futures Strategy ETF has a 52 week low of $26.10 and a 52 week high of $31.66.

iMGP DBi Managed Futures Strategy ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 29th were given a $0.1529 dividend. This represents a $0.61 annualized dividend and a yield of 1.9%. This is a boost from iMGP DBi Managed Futures Strategy ETF’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Monday, June 29th.

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.