iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Reaches New 12-Month High – Here’s What Happened

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)’s stock price reached a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $32.34 and last traded at $32.3020, with a volume of 249727 shares traded. The stock had previously closed at $31.90.

iMGP DBi Managed Futures Strategy ETF Stock Performance

The stock has a market capitalization of $5.06 billion, a price-to-earnings ratio of 24.50 and a beta of -0.19. The company has a 50-day moving average of $31.41 and a 200-day moving average of $30.93.

Hedge Funds Weigh In On iMGP DBi Managed Futures Strategy ETF

Institutional investors have recently modified their holdings of the company. Midwest Financial Group LLC grew its position in shares of iMGP DBi Managed Futures Strategy ETF by 0.4% during the first quarter. Midwest Financial Group LLC now owns 80,922 shares of the company’s stock worth $2,440,000 after buying an additional 344 shares in the last quarter. Integrated Advisors Network LLC raised its position in shares of iMGP DBi Managed Futures Strategy ETF by 4.2% during the 1st quarter. Integrated Advisors Network LLC now owns 10,675 shares of the company’s stock valued at $322,000 after acquiring an additional 427 shares in the last quarter. Essential Partners LLC raised its position in shares of iMGP DBi Managed Futures Strategy ETF by 2.7% during the 1st quarter. Essential Partners LLC now owns 24,202 shares of the company’s stock valued at $730,000 after acquiring an additional 629 shares in the last quarter. Able Wealth Management LLC lifted its stake in iMGP DBi Managed Futures Strategy ETF by 8.5% during the first quarter. Able Wealth Management LLC now owns 8,147 shares of the company’s stock worth $246,000 after purchasing an additional 641 shares during the last quarter. Finally, Centaurus Financial Inc. lifted its stake in iMGP DBi Managed Futures Strategy ETF by 2.0% during the first quarter. Centaurus Financial Inc. now owns 39,931 shares of the company’s stock worth $1,204,000 after purchasing an additional 782 shares during 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.