Gainline Financial Partners LLC Takes $6 Million Position in iMGP DBi Managed Futures Strategy ETF $DBMF

Gainline Financial Partners LLC acquired a new position in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 195,951 shares of the company’s stock, valued at approximately $5,998,000. iMGP DBi Managed Futures Strategy ETF accounts for 5.6% of Gainline Financial Partners LLC’s portfolio, making the stock its 6th largest holding.

Other institutional investors have also recently bought and sold shares of the company. Prentice Wealth Management LLC acquired a new stake in iMGP DBi Managed Futures Strategy ETF during the 1st quarter worth $13,136,000. Hyundai Investments Co. Ltd. acquired a new position in iMGP DBi Managed Futures Strategy ETF in the fourth quarter valued at about $479,000. Englebert Financial Advisers LLC bought a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the fourth quarter worth about $694,000. Richmond Investment Services LLC bought a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the first quarter worth about $540,000. Finally, Manning & Napier Advisors LLC increased its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 445.9% in the fourth quarter. Manning & Napier Advisors LLC now owns 72,270 shares of the company’s stock worth $2,034,000 after acquiring an additional 59,032 shares in the last quarter.

iMGP DBi Managed Futures Strategy ETF Price Performance

NYSEARCA DBMF opened at $31.44 on Friday. iMGP DBi Managed Futures Strategy ETF has a one year low of $26.21 and a one year high of $31.66. The firm has a market cap of $4.20 billion, a P/E ratio of 24.50 and a beta of -0.19. The stock’s 50-day moving average is $31.05 and its 200-day moving average is $30.81.

iMGP DBi Managed Futures Strategy ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 29th were issued a dividend of $0.1529 per share. This is an increase from iMGP DBi Managed Futures Strategy ETF’s previous quarterly dividend of $0.12. The ex-dividend date was Monday, June 29th. This represents a $0.61 annualized dividend and a yield of 1.9%.

iMGP DBi Managed Futures Strategy ETF 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.