Summit Wealth & Retirement Planning Inc. Increases Stake in iMGP DBi Managed Futures Strategy ETF $DBMF

Summit Wealth & Retirement Planning Inc. lifted its position in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 4.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 585,899 shares of the company’s stock after purchasing an additional 22,309 shares during the quarter. iMGP DBi Managed Futures Strategy ETF accounts for about 4.0% of Summit Wealth & Retirement Planning Inc.’s holdings, making the stock its 9th largest holding. Summit Wealth & Retirement Planning Inc.’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $15,075,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Concurrent Investment Advisors LLC bought a new position in iMGP DBi Managed Futures Strategy ETF during the first quarter valued at approximately $351,000. Austin Wealth Management LLC boosted its stake in shares of iMGP DBi Managed Futures Strategy ETF by 19.7% in the 1st quarter. Austin Wealth Management LLC now owns 451,674 shares of the company’s stock valued at $11,441,000 after purchasing an additional 74,330 shares in the last quarter. Rainey & Randall Wealth Advisors Inc. boosted its stake in shares of iMGP DBi Managed Futures Strategy ETF by 0.7% in the 1st quarter. Rainey & Randall Wealth Advisors Inc. now owns 322,537 shares of the company’s stock valued at $8,147,000 after purchasing an additional 2,228 shares in the last quarter. CWM LLC grew its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 12.7% during the 1st quarter. CWM LLC now owns 2,779,372 shares of the company’s stock valued at $70,207,000 after purchasing an additional 312,802 shares during the last quarter. Finally, A&I Financial Services LLC raised its position in iMGP DBi Managed Futures Strategy ETF by 29.8% in the 1st quarter. A&I Financial Services LLC now owns 216,745 shares of the company’s stock worth $5,475,000 after purchasing an additional 49,800 shares during the period.

iMGP DBi Managed Futures Strategy ETF Stock Up 0.3%

iMGP DBi Managed Futures Strategy ETF stock opened at $28.15 on Friday. The firm has a fifty day simple moving average of $27.60 and a two-hundred day simple moving average of $26.28. iMGP DBi Managed Futures Strategy ETF has a twelve month low of $24.52 and a twelve month high of $28.73. The company has a market capitalization of $1.87 billion, a PE ratio of 24.50 and a beta of -0.20.

iMGP DBi Managed Futures Strategy ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 29th were given a dividend of $0.1411 per share. This represents a $0.56 annualized dividend and a yield of 2.0%. The ex-dividend date was Monday, September 29th.

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.