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

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $32.31 and last traded at $32.24, with a volume of 2190443 shares traded. The stock had previously closed at $31.97.

iMGP DBi Managed Futures Strategy ETF Trading Down 0.3%

The stock has a 50 day moving average price of $31.27 and a two-hundred day moving average price of $30.87. The company has a market cap of $4.28 billion, a price-to-earnings ratio of 24.50 and a beta of -0.19.

iMGP DBi Managed Futures Strategy ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 29th were issued a $0.1529 dividend. This is a boost 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 yield of 1.9%. The ex-dividend date was Monday, June 29th.

Hedge Funds Weigh In On iMGP DBi Managed Futures Strategy ETF

Hedge funds have recently added to or reduced their stakes in the stock. Prentice Wealth Management LLC bought a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the 1st quarter valued at $13,136,000. Hyundai Investments Co. Ltd. bought a new position in iMGP DBi Managed Futures Strategy ETF during the fourth quarter worth about $479,000. Richmond Investment Services LLC bought a new position in iMGP DBi Managed Futures Strategy ETF during the first quarter worth about $540,000. Stillwater Private Wealth LLC bought a new position in iMGP DBi Managed Futures Strategy ETF during the first quarter worth about $524,000. Finally, Rockland Trust Co. grew its stake in iMGP DBi Managed Futures Strategy ETF by 10.9% in the second quarter. Rockland Trust Co. now owns 695,808 shares of the company’s stock valued at $21,299,000 after acquiring an additional 68,154 shares during the period.

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.