iMGP DBi Managed Futures Strategy ETF $DBMF Stock Position Raised by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC lifted its holdings in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 46.7% in the second quarter, Holdings Channel.com reports. The institutional investor owned 20,387 shares of the company’s stock after purchasing an additional 6,489 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $525,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. MAI Capital Management grew its position in shares of iMGP DBi Managed Futures Strategy ETF by 1.1% during the 1st quarter. MAI Capital Management now owns 47,217 shares of the company’s stock valued at $1,193,000 after buying an additional 510 shares during the last quarter. Stonebridge Financial Group LLC grew its position in shares of iMGP DBi Managed Futures Strategy ETF by 25.7% during the 1st quarter. Stonebridge Financial Group LLC now owns 3,029 shares of the company’s stock valued at $77,000 after buying an additional 620 shares during the last quarter. Sterneck Capital Management LLC grew its position in shares of iMGP DBi Managed Futures Strategy ETF by 1.7% during the 2nd quarter. Sterneck Capital Management LLC now owns 44,052 shares of the company’s stock valued at $1,133,000 after buying an additional 733 shares during the last quarter. Pinnacle Family Advisors LLC grew its position in shares of iMGP DBi Managed Futures Strategy ETF by 5.2% during the 1st quarter. Pinnacle Family Advisors LLC now owns 16,760 shares of the company’s stock valued at $423,000 after buying an additional 836 shares during the last quarter. Finally, Midwest Financial Group LLC grew its position in shares of iMGP DBi Managed Futures Strategy ETF by 1.4% during the 1st quarter. Midwest Financial Group LLC now owns 68,639 shares of the company’s stock valued at $1,734,000 after buying an additional 947 shares during the last quarter.

iMGP DBi Managed Futures Strategy ETF Stock Down 0.6%

Shares of NYSEARCA:DBMF opened at $28.22 on Friday. iMGP DBi Managed Futures Strategy ETF has a fifty-two week low of $24.52 and a fifty-two week high of $28.54. The firm has a 50-day simple moving average of $26.88 and a 200 day simple moving average of $25.92. The company has a market cap of $1.84 billion, a PE ratio of 24.50 and a beta of -0.14.

iMGP DBi Managed Futures Strategy ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 29th were given a $0.1411 dividend. The ex-dividend date was Monday, September 29th. This represents a $0.56 annualized dividend and a yield of 2.0%.

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.