iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Hits New 1-Year High – Still a Buy?

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $28.84 and last traded at $28.8650, with a volume of 52884 shares traded. The stock had previously closed at $28.65.

iMGP DBi Managed Futures Strategy ETF Price Performance

The company has a fifty day simple moving average of $27.70 and a two-hundred day simple moving average of $26.34. The company has a market capitalization of $1.92 billion, a P/E ratio of 24.50 and a beta of -0.20.

iMGP DBi Managed Futures Strategy ETF Announces Dividend

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

Hedge Funds Weigh In On iMGP DBi Managed Futures Strategy ETF

Several large investors have recently made changes to their positions in the business. LPL Financial LLC grew its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 1,580.4% in the 1st quarter. LPL Financial LLC now owns 4,907,416 shares of the company’s stock worth $123,961,000 after purchasing an additional 4,615,371 shares during the last quarter. Parcion Private Wealth LLC acquired a new position in iMGP DBi Managed Futures Strategy ETF in the third quarter valued at about $41,968,000. Northwestern Mutual Wealth Management Co. grew its stake in iMGP DBi Managed Futures Strategy ETF by 47.8% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,973,666 shares of the company’s stock worth $49,855,000 after buying an additional 638,360 shares during the last quarter. Raymond James Financial Inc. increased its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 166.5% during the first quarter. Raymond James Financial Inc. now owns 829,680 shares of the company’s stock worth $20,958,000 after buying an additional 518,346 shares in the last quarter. Finally, Rockland Trust Co. bought a new position in shares of iMGP DBi Managed Futures Strategy ETF in the second quarter valued at approximately $7,542,000.

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.