iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Increases Dividend to $1.17 Per Share

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) announced a quarterly dividend on Monday, December 29th. Shareholders of record on Tuesday, December 30th will be paid a dividend of 1.168 per share on Wednesday, December 31st. This represents a c) annualized dividend and a yield of 16.6%. The ex-dividend date of this dividend is Tuesday, December 30th. This is a 727.8% increase from iMGP DBi Managed Futures Strategy ETF’s previous quarterly dividend of $0.14.

iMGP DBi Managed Futures Strategy ETF Stock Performance

Shares of iMGP DBi Managed Futures Strategy ETF stock opened at $28.18 on Tuesday. The stock has a 50 day moving average of $28.71 and a 200 day moving average of $27.21. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 24.50 and a beta of -0.20. iMGP DBi Managed Futures Strategy ETF has a fifty-two week low of $24.52 and a fifty-two week high of $29.66.

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.