Matrix Trust Co Purchases 12,101 Shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Matrix Trust Co raised its stake in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 41.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 41,628 shares of the company’s stock after acquiring an additional 12,101 shares during the period. Matrix Trust Co’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $1,052,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Nwam LLC raised its position in iMGP DBi Managed Futures Strategy ETF by 2.6% in the fourth quarter. Nwam LLC now owns 28,123 shares of the company’s stock worth $736,000 after acquiring an additional 707 shares during the period. Ethos Financial Group LLC boosted its stake in iMGP DBi Managed Futures Strategy ETF by 5.4% in the 4th quarter. Ethos Financial Group LLC now owns 21,020 shares of the company’s stock worth $548,000 after purchasing an additional 1,085 shares during the period. Moors & Cabot Inc. boosted its stake in iMGP DBi Managed Futures Strategy ETF by 16.7% in the 4th quarter. Moors & Cabot Inc. now owns 8,750 shares of the company’s stock worth $229,000 after purchasing an additional 1,250 shares during the period. Kestra Investment Management LLC bought a new position in iMGP DBi Managed Futures Strategy ETF in the 4th quarter worth approximately $39,000. Finally, Oppenheimer & Co. Inc. boosted its position in shares of iMGP DBi Managed Futures Strategy ETF by 8.8% during the fourth quarter. Oppenheimer & Co. Inc. now owns 18,855 shares of the company’s stock worth $493,000 after acquiring an additional 1,529 shares during the last quarter.

iMGP DBi Managed Futures Strategy ETF Stock Performance

Shares of NYSEARCA:DBMF opened at $25.43 on Thursday. The firm has a fifty day moving average price of $25.17 and a 200 day moving average price of $25.99. iMGP DBi Managed Futures Strategy ETF has a fifty-two week low of $24.52 and a fifty-two week high of $30.63. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 24.50 and a beta of -0.18.

iMGP DBi Managed Futures Strategy ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were paid a dividend of $0.1789 per share. The ex-dividend date of this dividend was Thursday, March 27th.

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.