iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Sees Unusually-High Trading Volume – Here’s Why

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) shares saw an uptick in trading volume on Tuesday . 4,400,382 shares changed hands during trading, an increase of 202% from the previous session’s volume of 1,456,468 shares.The stock last traded at $30.53 and had previously closed at $30.44.

iMGP DBi Managed Futures Strategy ETF Trading Up 0.1%

The firm has a 50-day moving average of $30.39 and a two-hundred day moving average of $29.14. The firm has a market cap of $3.34 billion, a price-to-earnings ratio of 24.50 and a beta of -0.21.

Hedge Funds Weigh In On iMGP DBi Managed Futures Strategy ETF

Several large investors have recently added to or reduced their stakes in the company. Morgan Stanley raised its holdings in iMGP DBi Managed Futures Strategy ETF by 1.9% in the 4th quarter. Morgan Stanley now owns 7,845,100 shares of the company’s stock valued at $220,134,000 after acquiring an additional 149,909 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in iMGP DBi Managed Futures Strategy ETF by 139,913.0% in the 4th quarter. JPMorgan Chase & Co. now owns 7,374,483 shares of the company’s stock valued at $206,928,000 after acquiring an additional 7,369,216 shares in the last quarter. LPL Financial LLC raised its holdings in iMGP DBi Managed Futures Strategy ETF by 6.7% in the 4th quarter. LPL Financial LLC now owns 5,637,634 shares of the company’s stock valued at $158,192,000 after acquiring an additional 355,157 shares in the last quarter. TIAA Trust National Association acquired a new position in iMGP DBi Managed Futures Strategy ETF in the 4th quarter valued at approximately $87,820,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in iMGP DBi Managed Futures Strategy ETF by 10.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,167,671 shares of the company’s stock valued at $60,825,000 after acquiring an additional 198,372 shares in the last quarter.

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.