iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF – Get Free Report) saw unusually-high trading volume on Thursday. 7,290,919 shares were traded during trading, an increase of 309% from the previous session’s volume of 1,784,695 shares. The stock last traded at $32.7990 and had previously closed at $33.06.
iMGP DBi Managed Futures Strategy ETF Stock Performance
The stock has a market cap of $5.62 billion, a P/E ratio of 24.50 and a beta of -0.21. The firm has a 50-day moving average price of $32.00 and a 200-day moving average price of $31.20.
iMGP DBi Managed Futures Strategy ETF Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 29th were given a dividend of $0.1456 per share. This is a drop from iMGP DBi Managed Futures Strategy ETF’s previous quarterly dividend of $0.1529. This represents a $0.58 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Tuesday, September 29th.
Hedge Funds Weigh In On iMGP DBi Managed Futures Strategy ETF
A number of institutional investors have recently added to or reduced their stakes in DBMF. Bank of America Corp DE lifted its position in iMGP DBi Managed Futures Strategy ETF by 625.1% during the first 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. Tidal Investments LLC grew its position in shares of iMGP DBi Managed Futures Strategy ETF by 0.5% in the 2nd quarter. Tidal Investments LLC now owns 1,390,852 shares of the company’s stock worth $42,574,000 after buying an additional 7,073 shares during the period. Cardinal Point Capital Management ULC grew its position in shares of iMGP DBi Managed Futures Strategy ETF by 6.0% in the 1st quarter. Cardinal Point Capital Management ULC now owns 1,234,297 shares of the company’s stock worth $37,214,000 after buying an additional 69,681 shares during the period. Farther Finance Advisors LLC increased its stake in shares of iMGP DBi Managed Futures Strategy ETF by 2.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 983,562 shares of the company’s stock worth $31,995,000 after acquiring an additional 27,978 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in shares of iMGP DBi Managed Futures Strategy ETF by 21.4% in the 1st quarter. Royal Bank of Canada now owns 922,338 shares of the company’s stock worth $27,808,000 after acquiring an additional 162,363 shares in the last quarter.
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.
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