iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Sets New 1-Year High After Dividend Announcement

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) shares reached a new 52-week high during mid-day trading on Tuesday after the company announced a dividend. The stock traded as high as $32.80 and last traded at $32.61, with a volume of 2932896 shares changing hands. The stock had previously closed at $32.49.

The newly announced dividend which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 29th were given a dividend of $0.1456 per share. The ex-dividend date of this dividend was Tuesday, September 29th. This is a negative change from iMGP DBi Managed Futures Strategy ETF’s previous quarterly dividend of $0.1529. This represents a $0.58 dividend on an annualized basis and a dividend yield of 1.8%.

iMGP DBi Managed Futures Strategy ETF Price Performance

The stock has a 50-day moving average price of $31.52 and a 200-day moving average price of $30.97. The firm has a market capitalization of $5.20 billion, a PE ratio of 24.50 and a beta of -0.19.

Hedge Funds Weigh In On iMGP DBi Managed Futures Strategy ETF

A number of institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. raised its holdings in iMGP DBi Managed Futures Strategy ETF by 1.5% in the second 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 in the last quarter. Sequoia Financial Advisors LLC acquired a new position in iMGP DBi Managed Futures Strategy ETF during the 2nd quarter worth $367,000. Tidal Investments LLC grew its holdings 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 acquiring an additional 7,073 shares in the last quarter. MCF Advisors LLC bought a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the 2nd quarter worth about $64,000. Finally, Capital Analysts LLC increased its position in shares of iMGP DBi Managed Futures Strategy ETF by 63.6% in the 2nd quarter. Capital Analysts LLC now owns 25,830 shares of the company’s stock worth $791,000 after purchasing an additional 10,043 shares during 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.