Shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF – Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 4,400,382 shares were traded during trading, an increase of 202% from the previous session’s volume of 1,456,468 shares.The stock last traded at $30.53 and had previously closed at $30.44.
iMGP DBi Managed Futures Strategy ETF Stock Up 0.3%
The firm has a market cap of $3.32 billion, a PE ratio of 24.50 and a beta of -0.21. The firm’s fifty day simple moving average is $30.40 and its two-hundred day simple moving average is $29.17.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of DBMF. JPMorgan Chase & Co. increased its stake in iMGP DBi Managed Futures Strategy ETF by 3.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 248,279 shares of the company’s stock worth $6,388,000 after buying an additional 8,963 shares in the last quarter. Flow Traders U.S. LLC bought a new position in shares of iMGP DBi Managed Futures Strategy ETF in the second quarter worth about $755,000. L2 Asset Management LLC bought a new position in shares of iMGP DBi Managed Futures Strategy ETF in the second quarter worth about $246,000. Raymond James Financial Inc. grew its position in shares of iMGP DBi Managed Futures Strategy ETF by 54.9% during the second quarter. Raymond James Financial Inc. now owns 1,285,564 shares of the company’s stock worth $33,078,000 after purchasing an additional 455,884 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in iMGP DBi Managed Futures Strategy ETF by 4.0% during the 2nd quarter. Bank of America Corp DE now owns 33,263 shares of the company’s stock valued at $856,000 after purchasing an additional 1,277 shares during the period.
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.
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