Principia Wealth Advisory LLC Has $4.64 Million Stock Position in iMGP DBi Managed Futures Strategy ETF $DBMF

Principia Wealth Advisory LLC lifted its position in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 33.0% in the second quarter, Holdings Channel.com reports. The institutional investor owned 151,459 shares of the company’s stock after buying an additional 37,617 shares during the period. iMGP DBi Managed Futures Strategy ETF makes up about 1.0% of Principia Wealth Advisory LLC’s portfolio, making the stock its 12th largest position. Principia Wealth Advisory LLC’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $4,636,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its position in shares of iMGP DBi Managed Futures Strategy ETF by 139,913.0% during the fourth quarter. JPMorgan Chase & Co. now owns 7,374,483 shares of the company’s stock worth $206,928,000 after acquiring an additional 7,369,216 shares in the last quarter. TIAA Trust National Association acquired a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the fourth quarter worth $87,820,000. Bank of America Corp DE raised its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 625.1% during the first quarter. Bank of America Corp DE now owns 1,519,544 shares of the company’s stock worth $45,814,000 after acquiring an additional 1,309,969 shares during the period. Royal Bank of Canada lifted its position in iMGP DBi Managed Futures Strategy ETF by 240.8% in the 4th quarter. Royal Bank of Canada now owns 759,975 shares of the company’s stock valued at $21,325,000 after acquiring an additional 537,000 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its position in iMGP DBi Managed Futures Strategy ETF by 54.9% in the 2nd quarter. Raymond James Financial Inc. now owns 1,285,564 shares of the company’s stock valued at $33,078,000 after acquiring an additional 455,884 shares in the last quarter.

iMGP DBi Managed Futures Strategy ETF Stock Performance

Shares of NYSEARCA DBMF opened at $31.44 on Monday. The firm has a market cap of $4.20 billion, a PE ratio of 24.50 and a beta of -0.19. iMGP DBi Managed Futures Strategy ETF has a 1-year low of $26.21 and a 1-year high of $31.66. The company has a fifty day moving average price of $31.05 and a 200 day moving average price of $30.81.

iMGP DBi Managed Futures Strategy ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 29th were issued a $0.1529 dividend. This represents a $0.61 dividend on an annualized basis and a dividend 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 was Monday, June 29th.

iMGP DBi Managed Futures Strategy ETF 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.