iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Sees Strong Trading Volume Following Dividend Announcement

Shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) saw an uptick in trading volume on Thursday after the company announced a dividend. 2,986,802 shares traded hands during trading, an increase of 475% from the previous session’s volume of 519,775 shares.The stock last traded at $25.44 and had previously closed at $25.35.

The newly announced dividend which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be issued a dividend of $0.1789 per share. The ex-dividend date is Thursday, March 27th.

iMGP DBi Managed Futures Strategy ETF Price Performance

The firm has a fifty day moving average of $26.00 and a two-hundred day moving average of $26.83. The stock has a market capitalization of $1.14 billion, a P/E ratio of 24.50 and a beta of -0.15.

Hedge Funds Weigh In On iMGP DBi Managed Futures Strategy ETF

A number of large investors have recently bought and sold shares of the business. Kestra Investment Management LLC acquired a new stake in iMGP DBi Managed Futures Strategy ETF in the 4th quarter valued at $39,000. Transce3nd LLC purchased a new position in iMGP DBi Managed Futures Strategy ETF in the 4th quarter valued at about $49,000. Stonebridge Financial Group LLC purchased a new position in iMGP DBi Managed Futures Strategy ETF in the 4th quarter valued at about $63,000. New Wave Wealth Advisors LLC acquired a new stake in iMGP DBi Managed Futures Strategy ETF in the 4th quarter worth about $67,000. Finally, Comerica Bank increased its stake in iMGP DBi Managed Futures Strategy ETF by 140.4% during the 4th quarter. Comerica Bank now owns 3,674 shares of the company’s stock worth $96,000 after buying an additional 2,146 shares in the last quarter.

About iMGP DBi Managed Futures Strategy ETF

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.