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

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) shares reached a new 52-week high on Tuesday . The company traded as high as $29.23 and last traded at $28.93, with a volume of 1636808 shares trading hands. The stock had previously closed at $28.97.

iMGP DBi Managed Futures Strategy ETF Trading Up 0.2%

The stock has a market cap of $1.92 billion, a PE ratio of 24.50 and a beta of -0.20. The company’s 50 day moving average is $28.51 and its 200-day moving average is $26.97.

iMGP DBi Managed Futures Strategy ETF Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Advisory Services Network LLC acquired a new position in iMGP DBi Managed Futures Strategy ETF during the 3rd quarter worth $152,000. Inspire Advisors LLC acquired a new position in iMGP DBi Managed Futures Strategy ETF in the second quarter worth about $207,000. Worth Asset Management LLC acquired a new position in iMGP DBi Managed Futures Strategy ETF in the third quarter worth about $226,000. Harbour Investments Inc. increased its holdings in iMGP DBi Managed Futures Strategy ETF by 8.5% in the second quarter. Harbour Investments Inc. now owns 8,933 shares of the company’s stock valued at $230,000 after buying an additional 698 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in iMGP DBi Managed Futures Strategy ETF by 29.5% in the third quarter. EverSource Wealth Advisors LLC now owns 8,977 shares of the company’s stock valued at $245,000 after buying an additional 2,047 shares during the last quarter.

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.