Stonebridge Financial Group LLC Purchases 28,079 Shares of iMGP DBi Managed Futures Strategy ETF $DBMF

Stonebridge Financial Group LLC raised its position in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 89.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,587 shares of the company’s stock after acquiring an additional 28,079 shares during the period. Stonebridge Financial Group LLC’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $1,627,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in DBMF. Inspire Advisors LLC acquired a new stake in iMGP DBi Managed Futures Strategy ETF during the second quarter worth $207,000. Worth Asset Management LLC bought a new position in shares of iMGP DBi Managed Futures Strategy ETF during the 3rd quarter worth about $226,000. Harbour Investments Inc. boosted its position in shares of iMGP DBi Managed Futures Strategy ETF by 8.5% during the 2nd quarter. Harbour Investments Inc. now owns 8,933 shares of the company’s stock valued at $230,000 after acquiring an additional 698 shares in the last quarter. Focus Financial Network Inc. increased its stake in iMGP DBi Managed Futures Strategy ETF by 12.2% in the second quarter. Focus Financial Network Inc. now owns 9,440 shares of the company’s stock valued at $243,000 after acquiring an additional 1,023 shares during the period. Finally, L2 Asset Management LLC acquired a new position in iMGP DBi Managed Futures Strategy ETF in the second quarter worth about $246,000.

iMGP DBi Managed Futures Strategy ETF Trading Down 3.9%

NYSEARCA DBMF opened at $28.14 on Wednesday. iMGP DBi Managed Futures Strategy ETF has a 1-year low of $24.52 and a 1-year high of $29.66. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 24.50 and a beta of -0.20. The stock’s 50 day moving average is $28.71 and its two-hundred day moving average is $27.22.

iMGP DBi Managed Futures Strategy ETF Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th will be paid a $1.168 dividend. The ex-dividend date of this dividend is Tuesday, December 30th. This represents a $4.67 annualized dividend and a yield of 16.6%. This is a positive change from iMGP DBi Managed Futures Strategy ETF’s previous quarterly dividend of $0.14.

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.