JPMorgan Chase & Co. Increases Position in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

JPMorgan Chase & Co. increased its stake in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 1,438.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,669,140 shares of the company’s stock after buying an additional 5,300,530 shares during the period. JPMorgan Chase & Co. owned about 16.23% of iMGP DBi Managed Futures Strategy ETF worth $148,305,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DBMF. Kestra Investment Management LLC purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF in the fourth quarter valued at $39,000. Stonebridge Financial Group LLC purchased a new position in iMGP DBi Managed Futures Strategy ETF during the 4th quarter valued at about $63,000. New Wave Wealth Advisors LLC acquired a new position in iMGP DBi Managed Futures Strategy ETF during the fourth quarter worth about $67,000. Elevation Wealth Partners LLC purchased a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the fourth quarter valued at about $120,000. Finally, Raleigh Capital Management Inc. acquired a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the fourth quarter valued at approximately $174,000.

iMGP DBi Managed Futures Strategy ETF Price Performance

Shares of iMGP DBi Managed Futures Strategy ETF stock opened at $25.31 on Wednesday. iMGP DBi Managed Futures Strategy ETF has a 1 year low of $24.71 and a 1 year high of $30.63. The business has a 50 day moving average price of $25.95 and a 200 day moving average price of $26.77. The company has a market capitalization of $1.14 billion, a P/E ratio of 24.50 and a beta of -0.15.

iMGP DBi Managed Futures Strategy ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued a $0.1789 dividend. The ex-dividend date was Thursday, March 27th.

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.