Wealthcare Advisory Partners LLC Makes New Investment in iMGP DBi Managed Futures Strategy ETF $DBMF

Wealthcare Advisory Partners LLC acquired a new position in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 11,846 shares of the company’s stock, valued at approximately $305,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. MAI Capital Management increased its position in iMGP DBi Managed Futures Strategy ETF by 1.1% during the 1st quarter. MAI Capital Management now owns 47,217 shares of the company’s stock valued at $1,193,000 after buying an additional 510 shares in the last quarter. Stonebridge Financial Group LLC raised its holdings in iMGP DBi Managed Futures Strategy ETF by 25.7% during the first quarter. Stonebridge Financial Group LLC now owns 3,029 shares of the company’s stock valued at $77,000 after acquiring an additional 620 shares during the period. Sterneck Capital Management LLC lifted its position in shares of iMGP DBi Managed Futures Strategy ETF by 1.7% in the second quarter. Sterneck Capital Management LLC now owns 44,052 shares of the company’s stock worth $1,133,000 after buying an additional 733 shares in the last quarter. Pinnacle Family Advisors LLC lifted its position in shares of iMGP DBi Managed Futures Strategy ETF by 5.2% in the first quarter. Pinnacle Family Advisors LLC now owns 16,760 shares of the company’s stock worth $423,000 after buying an additional 836 shares in the last quarter. Finally, Midwest Financial Group LLC increased its stake in iMGP DBi Managed Futures Strategy ETF by 1.4% during the first quarter. Midwest Financial Group LLC now owns 68,639 shares of the company’s stock worth $1,734,000 after acquiring an additional 947 shares during the last quarter.

iMGP DBi Managed Futures Strategy ETF Price Performance

Shares of NYSEARCA DBMF opened at $27.18 on Friday. The business’s 50 day moving average is $26.63 and its two-hundred day moving average is $25.83. iMGP DBi Managed Futures Strategy ETF has a 1-year low of $24.52 and a 1-year high of $28.54. The stock has a market capitalization of $1.71 billion, a P/E ratio of 24.50 and a beta of -0.14.

iMGP DBi Managed Futures Strategy ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 29th were issued a $0.1411 dividend. The ex-dividend date was Monday, September 29th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.1%.

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.