iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Sees Large Volume Increase – Should You Buy?

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) shares saw unusually-strong trading volume on Thursday. 7,290,919 shares were traded during trading, an increase of 309% from the previous session’s volume of 1,784,695 shares. The stock last traded at $32.7990 and had previously closed at $33.06.

iMGP DBi Managed Futures Strategy ETF Stock Performance

The stock has a market capitalization of $5.58 billion, a P/E ratio of 24.50 and a beta of -0.21. The firm’s 50-day simple moving average is $31.93 and its 200 day simple moving average is $31.17.

iMGP DBi Managed Futures Strategy ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 29th were given a $0.1456 dividend. This is a drop from iMGP DBi Managed Futures Strategy ETF’s previous quarterly dividend of $0.1529. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 1.8%.

Hedge Funds Weigh In On iMGP DBi Managed Futures Strategy ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of DBMF. Bank of America Corp DE boosted its holdings in iMGP DBi Managed Futures Strategy ETF by 625.1% during the 1st quarter. Bank of America Corp DE now owns 1,519,544 shares of the company’s stock worth $45,814,000 after acquiring an additional 1,309,969 shares during the last quarter. Tidal Investments LLC boosted its stake in iMGP DBi Managed Futures Strategy ETF by 0.5% in the second quarter. Tidal Investments LLC now owns 1,390,852 shares of the company’s stock valued at $42,574,000 after acquiring an additional 7,073 shares during the last quarter. Cardinal Point Capital Management ULC increased its stake in shares of iMGP DBi Managed Futures Strategy ETF by 6.0% during the 1st quarter. Cardinal Point Capital Management ULC now owns 1,234,297 shares of the company’s stock worth $37,214,000 after purchasing an additional 69,681 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in iMGP DBi Managed Futures Strategy ETF by 2.9% during the third quarter. Farther Finance Advisors LLC now owns 983,562 shares of the company’s stock valued at $31,995,000 after purchasing an additional 27,978 shares during the period. Finally, Royal Bank of Canada raised its stake in shares of iMGP DBi Managed Futures Strategy ETF by 21.4% in the first quarter. Royal Bank of Canada now owns 922,338 shares of the company’s stock valued at $27,808,000 after buying an additional 162,363 shares during the period.

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.