iMGP DBi Managed Futures Strategy ETF $DBMF Shares Bought by Worth Asset Management LLC

Worth Asset Management LLC lifted its position in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 34.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 67,102 shares of the company’s stock after purchasing an additional 17,277 shares during the period. Worth Asset Management LLC’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $2,183,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in DBMF. Stonebridge Financial Group LLC increased its position in iMGP DBi Managed Futures Strategy ETF by 19.5% during the third quarter. Stonebridge Financial Group LLC now owns 72,003 shares of the company’s stock worth $2,342,000 after buying an additional 11,771 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 1.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 754,052 shares of the company’s stock valued at $23,075,000 after acquiring an additional 11,429 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in iMGP DBi Managed Futures Strategy ETF during the 2nd quarter worth $367,000. Tidal Investments LLC grew its position in iMGP DBi Managed Futures Strategy ETF by 0.5% during the 2nd quarter. Tidal Investments LLC now owns 1,390,852 shares of the company’s stock worth $42,574,000 after purchasing an additional 7,073 shares during the last quarter. Finally, MCF Advisors LLC acquired a new position in iMGP DBi Managed Futures Strategy ETF in the second quarter valued at $64,000.

iMGP DBi Managed Futures Strategy ETF Price Performance

Shares of NYSEARCA:DBMF traded down $0.03 on Wednesday, reaching $33.02. The company’s stock had a trading volume of 1,386,582 shares, compared to its average volume of 1,769,654. The stock’s 50-day moving average is $31.65 and its two-hundred day moving average is $31.03. iMGP DBi Managed Futures Strategy ETF has a 52-week low of $27.15 and a 52-week high of $33.38. The stock has a market capitalization of $5.32 billion, a P/E ratio of 24.50 and a beta of -0.21.

iMGP DBi Managed Futures Strategy ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th were paid a $0.1456 dividend. This is a decrease from iMGP DBi Managed Futures Strategy ETF’s previous quarterly dividend of $0.1529. The ex-dividend date was Tuesday, September 29th. This represents a $0.58 annualized dividend and a dividend yield of 1.8%.

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.