iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $31.09 and traded as high as $31.68. iMGP DBi Managed Futures Strategy ETF shares last traded at $31.48, with a volume of 1,937,453 shares changing hands.

iMGP DBi Managed Futures Strategy ETF Trading Up 1.3%

The company’s 50-day moving average price is $32.34 and its two-hundred day moving average price is $31.09. The company has a market cap of $5.05 billion, a P/E ratio of 24.50 and a beta of -0.23.

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 is a drop from iMGP DBi Managed Futures Strategy ETF’s previous quarterly dividend of $0.1529. This represents a $0.58 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Tuesday, September 29th.

Institutional Trading of iMGP DBi Managed Futures Strategy ETF

A number of large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its position in 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 worth $45,814,000 after buying an additional 1,309,969 shares during the last quarter. Tidal Investments LLC lifted its position in shares of iMGP DBi Managed Futures Strategy ETF by 0.5% during the 2nd quarter. Tidal Investments LLC now owns 1,390,852 shares of the company’s stock valued at $42,574,000 after acquiring an additional 7,073 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of iMGP DBi Managed Futures Strategy ETF by 2.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 983,562 shares of the company’s stock worth $31,995,000 after acquiring an additional 27,978 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of iMGP DBi Managed Futures Strategy ETF by 21.4% during the 1st quarter. Royal Bank of Canada now owns 922,338 shares of the company’s stock worth $27,808,000 after acquiring an additional 162,363 shares in the last quarter. Finally, Concurrent Investment Advisors LLC boosted its stake in shares of iMGP DBi Managed Futures Strategy ETF by 15.1% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 760,768 shares of the company’s stock worth $23,287,000 after acquiring an additional 99,674 shares in the last quarter.

iMGP DBi Managed Futures Strategy ETF Company Profile

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.