iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Sees Strong Trading Volume – Still a Buy?

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) saw unusually-strong trading volume on Monday . Approximately 15,842,804 shares changed hands during trading, an increase of 1,495% from the previous session’s volume of 993,484 shares.The stock last traded at $30.9850 and had previously closed at $30.97.

iMGP DBi Managed Futures Strategy ETF Stock Down 0.1%

The business’s 50-day simple moving average is $29.34 and its two-hundred day simple moving average is $28.20. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 24.50 and a beta of -0.20.

iMGP DBi Managed Futures Strategy ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were issued a $1.168 dividend. This represents a $4.67 dividend on an annualized basis and a yield of 15.1%. The ex-dividend date of this dividend was Tuesday, December 30th. This is a positive change from iMGP DBi Managed Futures Strategy ETF’s previous quarterly dividend of $0.14.

Institutional Trading of iMGP DBi Managed Futures Strategy ETF

A number of institutional investors and hedge funds have recently made changes to their positions in DBMF. Canal Capital Management LLC grew its position in shares of iMGP DBi Managed Futures Strategy ETF by 131.7% in the second quarter. Canal Capital Management LLC now owns 92,471 shares of the company’s stock valued at $2,379,000 after purchasing an additional 52,555 shares in the last quarter. Farther Finance Advisors LLC lifted its position in iMGP DBi Managed Futures Strategy ETF by 49.7% during the third quarter. Farther Finance Advisors LLC now owns 160,870 shares of the company’s stock worth $4,393,000 after buying an additional 53,394 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in iMGP DBi Managed Futures Strategy ETF during the second quarter worth $755,000. Commonwealth Equity Services LLC grew its holdings in iMGP DBi Managed Futures Strategy ETF by 5.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 526,375 shares of the company’s stock valued at $14,375,000 after buying an additional 27,560 shares in the last quarter. Finally, CoreCap Advisors LLC grew its holdings in iMGP DBi Managed Futures Strategy ETF by 24.9% in the 3rd quarter. CoreCap Advisors LLC now owns 161,695 shares of the company’s stock valued at $4,416,000 after buying an additional 32,233 shares in 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.