iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Sets New 12-Month High – Time to Buy?

Shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) reached a new 52-week high on Wednesday . The company traded as high as $32.34 and last traded at $32.3020, with a volume of 249727 shares trading hands. The stock had previously closed at $31.90.

iMGP DBi Managed Futures Strategy ETF Price Performance

The business’s 50-day moving average price is $31.34 and its two-hundred day moving average price is $30.90. The company has a market capitalization of $4.34 billion, a P/E ratio of 24.50 and a beta of -0.19.

iMGP DBi Managed Futures Strategy ETF Increases Dividend

The business 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 annualized dividend and a dividend yield of 1.9%. This is a boost from iMGP DBi Managed Futures Strategy ETF’s previous quarterly dividend of $0.12. The ex-dividend date was Monday, June 29th.

Hedge Funds Weigh In On iMGP DBi Managed Futures Strategy ETF

A number of large investors have recently added to or reduced their stakes in DBMF. Sequoia Financial Advisors LLC bought a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the second quarter valued at about $367,000. Tidal Investments LLC grew its stake in iMGP DBi Managed Futures Strategy ETF by 0.5% in the second quarter. Tidal Investments LLC now owns 1,390,852 shares of the company’s stock valued at $42,574,000 after purchasing an additional 7,073 shares in the last quarter. MCF Advisors LLC bought a new position in shares of iMGP DBi Managed Futures Strategy ETF in the second quarter valued at $64,000. Capital Analysts LLC grew its position in shares of iMGP DBi Managed Futures Strategy ETF by 63.6% in the 2nd quarter. Capital Analysts LLC now owns 25,830 shares of the company’s stock valued at $791,000 after acquiring an additional 10,043 shares during the period. Finally, Integrated Wealth Concepts LLC increased its stake in shares of iMGP DBi Managed Futures Strategy ETF by 40.6% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 170,990 shares of the company’s stock worth $5,234,000 after purchasing an additional 49,374 shares during 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.