West Michigan Advisors LLC Has $366,000 Position in iMGP DBi Managed Futures Strategy ETF $DBMF

West Michigan Advisors LLC grew its holdings in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 57.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,128 shares of the company’s stock after acquiring an additional 5,149 shares during the period. West Michigan Advisors LLC’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $366,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Sage Private Wealth Group LLC increased its position in iMGP DBi Managed Futures Strategy ETF by 10.0% in the 2nd quarter. Sage Private Wealth Group LLC now owns 460,951 shares of the company’s stock valued at $11,860,000 after buying an additional 41,862 shares in the last quarter. Smart Portfolios LLC increased its position in iMGP DBi Managed Futures Strategy ETF by 25.8% in the 2nd quarter. Smart Portfolios LLC now owns 31,336 shares of the company’s stock valued at $806,000 after buying an additional 6,422 shares in the last quarter. Harbour Investments Inc. increased its position in iMGP DBi Managed Futures Strategy ETF by 8.5% in the 2nd quarter. Harbour Investments Inc. now owns 8,933 shares of the company’s stock valued at $230,000 after buying an additional 698 shares in the last quarter. Innova Wealth Partners increased its position in iMGP DBi Managed Futures Strategy ETF by 158.8% in the 2nd quarter. Innova Wealth Partners now owns 78,643 shares of the company’s stock valued at $2,023,000 after buying an additional 48,257 shares in the last quarter. Finally, Axxcess Wealth Management LLC increased its position in iMGP DBi Managed Futures Strategy ETF by 42.6% in the 2nd quarter. Axxcess Wealth Management LLC now owns 362,965 shares of the company’s stock valued at $9,339,000 after buying an additional 108,404 shares in the last quarter.

iMGP DBi Managed Futures Strategy ETF Price Performance

Shares of iMGP DBi Managed Futures Strategy ETF stock opened at $28.50 on Friday. iMGP DBi Managed Futures Strategy ETF has a one year low of $24.52 and a one year high of $28.73. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of 24.50 and a beta of -0.14. The business has a 50-day simple moving average of $27.13 and a 200 day simple moving average of $26.05.

iMGP DBi Managed Futures Strategy ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 29th were given a $0.1411 dividend. The ex-dividend date of this dividend was Monday, September 29th. This represents a $0.56 annualized dividend and a yield of 2.0%.

iMGP DBi Managed Futures Strategy ETF 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.