iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Sets New 12-Month Low – Here’s Why

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $25.88 and last traded at $25.93, with a volume of 156095 shares. The stock had previously closed at $26.22.

iMGP DBi Managed Futures Strategy ETF Stock Down 1.0 %

The firm has a market capitalization of $906.96 million, a price-to-earnings ratio of 24.50 and a beta of 0.04. The stock’s fifty day moving average is $26.55 and its two-hundred day moving average is $27.21.

Hedge Funds Weigh In On iMGP DBi Managed Futures Strategy ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. US Bancorp DE acquired a new stake in iMGP DBi Managed Futures Strategy ETF during the third quarter worth approximately $29,000. Kestra Investment Management LLC acquired a new stake in iMGP DBi Managed Futures Strategy ETF during the 4th quarter worth approximately $39,000. Transce3nd LLC acquired a new position in iMGP DBi Managed Futures Strategy ETF in the 4th quarter valued at $49,000. Stonebridge Financial Group LLC acquired a new position in iMGP DBi Managed Futures Strategy ETF in the 4th quarter valued at $63,000. Finally, New Wave Wealth Advisors LLC bought a new position in iMGP DBi Managed Futures Strategy ETF during the 4th quarter worth $67,000.

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.