iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Hits New 52-Week High – Here’s What Happened

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $31.71 and last traded at $31.62, with a volume of 47851 shares. The stock had previously closed at $31.33.

iMGP DBi Managed Futures Strategy ETF Stock Performance

The company has a market capitalization of $4.23 billion, a P/E ratio of 24.50 and a beta of -0.19. The firm’s fifty day moving average is $31.10 and its 200 day moving average is $30.83.

iMGP DBi Managed Futures Strategy ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 29th were given a dividend of $0.1529 per share. 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.

Institutional Investors Weigh In On iMGP DBi Managed Futures Strategy ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. Midwest Financial Group LLC grew its position in iMGP DBi Managed Futures Strategy ETF by 0.4% in the 1st quarter. Midwest Financial Group LLC now owns 80,922 shares of the company’s stock valued at $2,440,000 after acquiring an additional 344 shares during the last quarter. Integrated Advisors Network LLC grew its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 4.2% in the first quarter. Integrated Advisors Network LLC now owns 10,675 shares of the company’s stock worth $322,000 after purchasing an additional 427 shares during the last quarter. Proactive Wealth Strategies LLC increased its stake in iMGP DBi Managed Futures Strategy ETF by 2.2% in the 4th quarter. Proactive Wealth Strategies LLC now owns 20,078 shares of the company’s stock worth $563,000 after buying an additional 432 shares during the period. Essential Partners LLC increased its stake in iMGP DBi Managed Futures Strategy ETF by 2.7% in the 1st quarter. Essential Partners LLC now owns 24,202 shares of the company’s stock worth $730,000 after buying an additional 629 shares during the period. Finally, Able Wealth Management LLC lifted its holdings in iMGP DBi Managed Futures Strategy ETF by 8.5% during the 1st quarter. Able Wealth Management LLC now owns 8,147 shares of the company’s stock valued at $246,000 after buying an additional 641 shares in 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.