iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Hits New 12-Month Low – Here’s Why

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)’s stock price hit a new 52-week low during trading on Friday . The stock traded as low as $24.70 and last traded at $24.72, with a volume of 49916 shares traded. The stock had previously closed at $25.00.

iMGP DBi Managed Futures Strategy ETF Stock Performance

The company has a market capitalization of $1.18 billion, a PE ratio of 24.50 and a beta of -0.15. The business has a fifty day moving average price of $25.86 and a 200 day moving average price of $26.72.

iMGP DBi Managed Futures Strategy ETF Cuts Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DBMF. JPMorgan Chase & Co. grew its stake in shares of iMGP DBi Managed Futures Strategy ETF by 1,438.0% in the fourth quarter. JPMorgan Chase & Co. now owns 5,669,140 shares of the company’s stock valued at $148,305,000 after buying an additional 5,300,530 shares in the last quarter. Royal Bank of Canada raised its stake in shares of iMGP DBi Managed Futures Strategy ETF by 2,732.6% during the fourth quarter. Royal Bank of Canada now owns 1,319,898 shares of the company’s stock valued at $34,529,000 after purchasing an additional 1,273,302 shares during the period. Parcion Private Wealth LLC acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF during the fourth quarter worth $31,817,000. Wells Fargo & Company MN purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF in the fourth quarter valued at $17,794,000. Finally, Litman Gregory Wealth Management LLC grew its holdings in iMGP DBi Managed Futures Strategy ETF by 50.6% during the 4th quarter. Litman Gregory Wealth Management LLC now owns 1,484,932 shares of the company’s stock valued at $38,846,000 after purchasing an additional 498,845 shares in 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.