iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Sets New 1-Year High – Should You Buy?

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $30.54 and last traded at $30.5670, with a volume of 322947 shares. The stock had previously closed at $30.16.

iMGP DBi Managed Futures Strategy ETF Price Performance

The business’s 50-day simple moving average is $29.11 and its two-hundred day simple moving average is $27.95. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of 24.50 and a beta of -0.20.

iMGP DBi Managed Futures Strategy ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 30th were given a $1.168 dividend. This represents a $4.67 annualized dividend and a yield of 15.3%. This is a boost from iMGP DBi Managed Futures Strategy ETF’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Tuesday, December 30th.

Institutional Investors Weigh In On iMGP DBi Managed Futures Strategy ETF

Several hedge funds have recently modified their holdings of the stock. MidAtlantic Capital Management Inc. purchased a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the fourth quarter valued at approximately $48,000. LFA Lugano Financial Advisors SA increased its position in shares of iMGP DBi Managed Futures Strategy ETF by 50.1% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 3,033 shares of the company’s stock worth $85,000 after acquiring an additional 1,013 shares during the last quarter. Lloyd Advisory Services LLC. acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF in the 4th quarter valued at approximately $87,000. Advisory Services Network LLC acquired a new stake in iMGP DBi Managed Futures Strategy ETF in the third quarter valued at $152,000. Finally, Advisors Preferred LLC bought a new position in iMGP DBi Managed Futures Strategy ETF during the 4th quarter valued at $182,000.

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.