iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Hits New 52-Week High – What’s Next?

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) hit a new 52-week high on Monday. The company traded as high as $33.40 and last traded at $33.3550, with a volume of 410,437 shares traded. The stock had previously closed at $33.15.

iMGP DBi Managed Futures Strategy ETF Stock Performance

The stock’s 50-day moving average is $31.78 and its 200 day moving average is $31.10. The firm has a market cap of $5.62 billion, a P/E ratio of 24.50 and a beta of -0.21.

iMGP DBi Managed Futures Strategy ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 29th were paid a dividend of $0.1456 per share. This represents a $0.58 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, September 29th. This is a negative change from iMGP DBi Managed Futures Strategy ETF’s previous quarterly dividend of $0.1529.

Institutional Trading of iMGP DBi Managed Futures Strategy ETF

Several hedge funds have recently bought and sold shares of DBMF. MBM Wealth Consultants LLC acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF in the first quarter valued at approximately $30,000. Highland Investment Advisors LLC bought a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the second quarter worth $33,000. Capital Advisors Ltd. LLC acquired a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the first quarter worth $34,000. Allworth Financial LP raised its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 1,596.0% during the second quarter. Allworth Financial LP now owns 1,713 shares of the company’s stock worth $52,000 after acquiring an additional 1,612 shares during the period. Finally, MCF Advisors LLC acquired a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the second quarter worth $64,000.

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.