Concurrent Investment Advisors LLC Acquires 99,674 Shares of iMGP DBi Managed Futures Strategy ETF $DBMF

Concurrent Investment Advisors LLC boosted its holdings in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 15.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 760,768 shares of the company’s stock after purchasing an additional 99,674 shares during the quarter. Concurrent Investment Advisors LLC owned about 0.57% of iMGP DBi Managed Futures Strategy ETF worth $23,287,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 139,913.0% during the fourth quarter. JPMorgan Chase & Co. now owns 7,374,483 shares of the company’s stock worth $206,928,000 after buying an additional 7,369,216 shares during the last quarter. TIAA Trust National Association bought a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the fourth quarter valued at approximately $87,820,000. Bank of America Corp DE grew its stake in shares of iMGP DBi Managed Futures Strategy ETF by 625.1% in the first quarter. Bank of America Corp DE now owns 1,519,544 shares of the company’s stock worth $45,814,000 after acquiring an additional 1,309,969 shares during the last quarter. Royal Bank of Canada grew its stake in shares of iMGP DBi Managed Futures Strategy ETF by 240.8% in the fourth quarter. Royal Bank of Canada now owns 759,975 shares of the company’s stock worth $21,325,000 after acquiring an additional 537,000 shares during the last quarter. Finally, Raymond James Financial Inc. increased its position in iMGP DBi Managed Futures Strategy ETF by 54.9% during the second quarter. Raymond James Financial Inc. now owns 1,285,564 shares of the company’s stock worth $33,078,000 after acquiring an additional 455,884 shares during the period.

iMGP DBi Managed Futures Strategy ETF Price Performance

NYSEARCA:DBMF opened at $31.41 on Friday. The stock has a market cap of $4.20 billion, a P/E ratio of 24.50 and a beta of -0.20. iMGP DBi Managed Futures Strategy ETF has a one year low of $26.10 and a one year high of $31.66. The company has a fifty day moving average price of $31.03 and a 200 day moving average price of $30.81.

iMGP DBi Managed Futures Strategy ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 29th were given a dividend of $0.1529 per share. This is an increase from iMGP DBi Managed Futures Strategy ETF’s previous quarterly dividend of $0.12. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, June 29th.

iMGP DBi Managed Futures Strategy ETF 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.