iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF – Get Free Report) saw strong trading volume on Friday . Approximately 3,521,413 shares were traded during mid-day trading, an increase of 136% from the previous session’s volume of 1,489,254 shares.The stock last traded at $31.41 and had previously closed at $31.49.
iMGP DBi Managed Futures Strategy ETF Price Performance
The company’s fifty day moving average price is $30.90 and its 200 day moving average price is $30.42. The company has a market cap of $3.98 billion, a PE ratio of 24.50 and a beta of -0.20.
Institutional Trading of iMGP DBi Managed Futures Strategy ETF
Several hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its stake in iMGP DBi Managed Futures Strategy ETF by 139,913.0% in the fourth quarter. JPMorgan Chase & Co. now owns 7,374,483 shares of the company’s stock valued at $206,928,000 after acquiring an additional 7,369,216 shares during the last quarter. TIAA Trust National Association purchased a new position in iMGP DBi Managed Futures Strategy ETF in the fourth quarter valued at approximately $87,820,000. Bank of America Corp DE lifted its stake in iMGP DBi Managed Futures Strategy ETF by 625.1% in the first quarter. Bank of America Corp DE now owns 1,519,544 shares of the company’s stock valued at $45,814,000 after purchasing an additional 1,309,969 shares during the last quarter. Royal Bank of Canada grew its holdings in iMGP DBi Managed Futures Strategy ETF by 240.8% during the fourth quarter. Royal Bank of Canada now owns 759,975 shares of the company’s stock valued at $21,325,000 after purchasing an additional 537,000 shares during the period. Finally, Raymond James Financial Inc. grew its holdings in 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 valued at $33,078,000 after purchasing an additional 455,884 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.
Further Reading
- Five stocks we like better than iMGP DBi Managed Futures Strategy ETF
- AMD and Cerbras Create A New Blueprint For Hardware
- Intel Earnings Reveal Whether the Chip Selloff Created a Buy
- CrowdStrike’s Cerebras Deal Puts Its AI Security Strategy to the Test
- Plugging In: How Kinder Morgan Powers Up Profits
Receive News & Ratings for iMGP DBi Managed Futures Strategy ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iMGP DBi Managed Futures Strategy ETF and related companies with MarketBeat.com's FREE daily email newsletter.
