iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Sets New 52-Week High – Time to Buy?

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)’s stock price hit a new 52-week high during trading on Monday. The company traded as high as $33.40 and last traded at $33.3550, with a volume of 410,437 shares trading hands. The stock had previously closed at $33.15.

iMGP DBi Managed Futures Strategy ETF Price Performance

The firm has a market cap of $5.65 billion, a price-to-earnings ratio of 24.50 and a beta of -0.21. The firm’s 50 day moving average price is $31.88 and its two-hundred day moving average price is $31.15.

iMGP DBi Managed Futures Strategy ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 29th were given a $0.1456 dividend. This is a drop from iMGP DBi Managed Futures Strategy ETF’s previous quarterly dividend of $0.1529. The ex-dividend date was Tuesday, September 29th. This represents a $0.58 annualized dividend and a yield of 1.8%.

Institutional Trading of iMGP DBi Managed Futures Strategy ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. MBM Wealth Consultants LLC purchased a new position in iMGP DBi Managed Futures Strategy ETF in the 1st quarter valued at $30,000. Highland Investment Advisors LLC acquired a new position in iMGP DBi Managed Futures Strategy ETF in the 2nd quarter valued at $33,000. Capital Advisors Ltd. LLC acquired a new position in iMGP DBi Managed Futures Strategy ETF in the 1st quarter valued at $34,000. Allworth Financial LP raised its position in iMGP DBi Managed Futures Strategy ETF by 1,596.0% during the 2nd quarter. Allworth Financial LP now owns 1,713 shares of the company’s stock worth $52,000 after buying an additional 1,612 shares during the last quarter. Finally, MCF Advisors LLC purchased a new position in iMGP DBi Managed Futures Strategy ETF during the 2nd quarter worth $64,000.

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.