iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Sets New 1-Year Low – Here’s What Happened

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) shares reached a new 52-week low on Monday . The stock traded as low as $25.03 and last traded at $25.07, with a volume of 118638 shares trading hands. The stock had previously closed at $25.37.

iMGP DBi Managed Futures Strategy ETF Stock Down 1.4 %

The stock’s 50-day moving average price is $26.34 and its 200-day moving average price is $27.08. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 24.50 and a beta of -0.15.

Hedge Funds Weigh In On iMGP DBi Managed Futures Strategy ETF

Several large investors have recently made changes to their positions in DBMF. Lake Street Private Wealth LLC raised its holdings in iMGP DBi Managed Futures Strategy ETF by 1.7% during the 4th quarter. Lake Street Private Wealth LLC now owns 26,752 shares of the company’s stock worth $700,000 after purchasing an additional 453 shares during the last quarter. ORG Partners LLC lifted its holdings in iMGP DBi Managed Futures Strategy ETF by 8.0% during the fourth quarter. ORG Partners LLC now owns 7,684 shares of the company’s stock worth $201,000 after acquiring an additional 570 shares in the last quarter. Atria Investments Inc raised its holdings in iMGP DBi Managed Futures Strategy ETF by 6.3% during the 3rd quarter. Atria Investments Inc now owns 11,911 shares of the company’s stock worth $335,000 after buying an additional 702 shares during the period. Nwam LLC lifted its stake in iMGP DBi Managed Futures Strategy ETF by 2.6% in the fourth quarter. Nwam LLC now owns 28,123 shares of the company’s stock valued at $736,000 after buying an additional 707 shares in the last quarter. Finally, US Bancorp DE acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF in the third quarter valued at approximately $29,000.

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.