iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Hits New 12-Month High – What’s Next?

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) shares reached a new 52-week high on Thursday . The company traded as high as $31.71 and last traded at $31.62, with a volume of 47851 shares. The stock had previously closed at $31.33.

iMGP DBi Managed Futures Strategy ETF Stock Performance

The stock has a market capitalization of $4.28 billion, a P/E ratio of 24.50 and a beta of -0.19. The business has a 50 day simple moving average of $31.16 and a 200-day simple moving average of $30.85.

iMGP DBi Managed Futures Strategy ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 29th were paid a dividend of $0.1529 per share. This is an increase from iMGP DBi Managed Futures Strategy ETF’s previous quarterly dividend of $0.12. This represents a $0.61 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Monday, June 29th.

Institutional Investors Weigh In On iMGP DBi Managed Futures Strategy ETF

A number of institutional investors and hedge funds have recently bought and sold shares of DBMF. JPMorgan Chase & Co. grew its stake in shares of iMGP DBi Managed Futures Strategy ETF by 3.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 248,279 shares of the company’s stock worth $6,388,000 after purchasing an additional 8,963 shares during the last quarter. Raymond James Financial Inc. lifted its stake in iMGP DBi Managed Futures Strategy ETF by 54.9% during the second quarter. Raymond James Financial Inc. now owns 1,285,564 shares of the company’s stock valued at $33,078,000 after purchasing an additional 455,884 shares during the last quarter. Bank of America Corp DE lifted its stake in iMGP DBi Managed Futures Strategy ETF by 4.0% during the second quarter. Bank of America Corp DE now owns 33,263 shares of the company’s stock valued at $856,000 after purchasing an additional 1,277 shares during the last quarter. MML Investors Services LLC boosted its holdings in iMGP DBi Managed Futures Strategy ETF by 4.7% during the second quarter. MML Investors Services LLC now owns 66,849 shares of the company’s stock worth $1,720,000 after buying an additional 2,998 shares in the last quarter. Finally, Tidal Investments LLC boosted its holdings in iMGP DBi Managed Futures Strategy ETF by 140.7% during the second quarter. Tidal Investments LLC now owns 339,077 shares of the company’s stock worth $8,724,000 after buying an additional 198,219 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.