iMGP DBi Managed Futures Strategy ETF $DBMF Shares Sold by Rainey & Randall Wealth Advisors Inc.

Rainey & Randall Wealth Advisors Inc. lessened its position in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 80.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,699 shares of the company’s stock after selling 258,838 shares during the period. iMGP DBi Managed Futures Strategy ETF makes up 0.3% of Rainey & Randall Wealth Advisors Inc.’s portfolio, making the stock its 24th biggest position. Rainey & Randall Wealth Advisors Inc. owned approximately 0.14% of iMGP DBi Managed Futures Strategy ETF worth $1,639,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Stonebridge Financial Group LLC increased its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 25.7% in the 1st quarter. Stonebridge Financial Group LLC now owns 3,029 shares of the company’s stock worth $77,000 after acquiring an additional 620 shares during the period. Harbour Investments Inc. increased its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 2,027.9% in the 1st quarter. Harbour Investments Inc. now owns 8,235 shares of the company’s stock worth $208,000 after acquiring an additional 7,848 shares during the period. Octavia Wealth Advisors LLC acquired a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the 1st quarter worth about $211,000. Focus Financial Network Inc. acquired a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the 1st quarter worth about $213,000. Finally, Perigon Wealth Management LLC acquired a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the 1st quarter worth about $224,000.

iMGP DBi Managed Futures Strategy ETF Stock Up 0.1%

DBMF stock opened at $27.45 on Friday. The stock has a market cap of $1.26 billion, a PE ratio of 24.50 and a beta of -0.14. The firm’s 50-day simple moving average is $26.36 and its 200 day simple moving average is $25.73. iMGP DBi Managed Futures Strategy ETF has a fifty-two week low of $24.52 and a fifty-two week high of $28.01.

iMGP DBi Managed Futures Strategy ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 29th were paid a dividend of $0.1411 per share. The ex-dividend date of this dividend was Monday, September 29th. This represents a $0.56 annualized dividend and a 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.