iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Reaches New 1-Year High at $29.78

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $29.78 and last traded at $29.77, with a volume of 24712 shares. The stock had previously closed at $29.27.

iMGP DBi Managed Futures Strategy ETF Price Performance

The business has a fifty day moving average of $27.78 and a 200-day moving average of $27.51. The stock has a market capitalization of $755.39 million, a price-to-earnings ratio of 24.50 and a beta of -0.14.

Hedge Funds Weigh In On iMGP DBi Managed Futures Strategy ETF

A number of institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its stake in iMGP DBi Managed Futures Strategy ETF by 2,402.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,074,260 shares of the company’s stock worth $204,446,000 after purchasing an additional 6,791,529 shares in the last quarter. Miracle Mile Advisors LLC boosted its position in iMGP DBi Managed Futures Strategy ETF by 9.0% during the 3rd quarter. Miracle Mile Advisors LLC now owns 2,425,513 shares of the company’s stock worth $70,097,000 after acquiring an additional 199,830 shares during the period. Envestnet Asset Management Inc. boosted its position in iMGP DBi Managed Futures Strategy ETF by 4.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,317,148 shares of the company’s stock worth $38,066,000 after acquiring an additional 57,379 shares during the period. LPL Financial LLC boosted its position in iMGP DBi Managed Futures Strategy ETF by 217.0% during the 3rd quarter. LPL Financial LLC now owns 1,039,828 shares of the company’s stock worth $30,051,000 after acquiring an additional 711,763 shares during the period. Finally, CWM LLC boosted its position in iMGP DBi Managed Futures Strategy ETF by 288.2% during the 4th quarter. CWM LLC now owns 1,039,205 shares of the company’s stock worth $26,770,000 after acquiring an additional 771,522 shares during the period.

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.