iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Sets New 1-Year High – Still a Buy?

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $28.97 and last traded at $28.94, with a volume of 389014 shares changing hands. The stock had previously closed at $28.83.

iMGP DBi Managed Futures Strategy ETF Stock Performance

The firm has a market capitalization of $1.92 billion, a P/E ratio of 24.50 and a beta of -0.20. The stock’s 50 day simple moving average is $28.39 and its 200 day simple moving average is $26.83.

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 dividend of $0.1411 per share. The ex-dividend date of this dividend was Monday, September 29th. This represents a $0.56 dividend on an annualized basis and a yield of 2.0%.

Hedge Funds Weigh In On iMGP DBi Managed Futures Strategy ETF

Several institutional investors have recently made changes to their positions in the company. National Bank of Canada FI raised its holdings in iMGP DBi Managed Futures Strategy ETF by 6.8% in the first quarter. National Bank of Canada FI now owns 36,444 shares of the company’s stock worth $920,000 after purchasing an additional 2,328 shares in the last quarter. HighTower Advisors LLC grew its position in shares of iMGP DBi Managed Futures Strategy ETF by 2.8% in the 1st quarter. HighTower Advisors LLC now owns 146,742 shares of the company’s stock worth $3,707,000 after buying an additional 4,031 shares during the last quarter. Raymond James Financial Inc. raised its stake in shares of iMGP DBi Managed Futures Strategy ETF by 166.5% during the 1st quarter. Raymond James Financial Inc. now owns 829,680 shares of the company’s stock worth $20,958,000 after acquiring an additional 518,346 shares in the last quarter. TriaGen Wealth Management LLC lifted its position in iMGP DBi Managed Futures Strategy ETF by 30.1% during the first quarter. TriaGen Wealth Management LLC now owns 79,103 shares of the company’s stock valued at $1,998,000 after acquiring an additional 18,307 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in iMGP DBi Managed Futures Strategy ETF by 47.8% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,973,666 shares of the company’s stock valued at $49,855,000 after acquiring an additional 638,360 shares during 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.