iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Sets New 1-Year High – What’s Next?

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $32.34 and last traded at $32.3020, with a volume of 249727 shares traded. The stock had previously closed at $31.90.

iMGP DBi Managed Futures Strategy ETF Price Performance

The business has a 50-day simple moving average of $31.34 and a two-hundred day simple moving average of $30.90. The stock has a market cap of $4.34 billion, a price-to-earnings ratio of 24.50 and a beta of -0.19.

iMGP DBi Managed Futures Strategy ETF Increases Dividend

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

Institutional Trading of iMGP DBi Managed Futures Strategy ETF

A number of hedge funds have recently modified their holdings of the stock. TIAA Trust National Association bought a new stake in iMGP DBi Managed Futures Strategy ETF during the 4th quarter valued at $87,820,000. Bank of America Corp DE lifted its stake in shares of iMGP DBi Managed Futures Strategy ETF by 625.1% in the first quarter. Bank of America Corp DE now owns 1,519,544 shares of the company’s stock valued at $45,814,000 after buying an additional 1,309,969 shares in the last quarter. Prentice Wealth Management LLC acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF during the first quarter valued at about $13,136,000. LPL Financial LLC grew its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 6.7% during the fourth quarter. LPL Financial LLC now owns 5,637,634 shares of the company’s stock valued at $158,192,000 after buying an additional 355,157 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of iMGP DBi Managed Futures Strategy ETF by 10.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,167,671 shares of the company’s stock worth $60,825,000 after acquiring an additional 198,372 shares in 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.