Hilltop Holdings Inc. Takes Position in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Hilltop Holdings Inc. acquired a new stake in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) during the third quarter, Holdings Channel reports. The fund acquired 96,464 shares of the company’s stock, valued at approximately $2,714,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. CWM LLC lifted its stake in shares of iMGP DBi Managed Futures Strategy ETF by 43.0% in the third quarter. CWM LLC now owns 2,028,633 shares of the company’s stock worth $57,065,000 after buying an additional 610,397 shares in the last quarter. FMA Wealth Management LLC acquired a new stake in iMGP DBi Managed Futures Strategy ETF in the 3rd quarter valued at about $5,922,000. OneDigital Investment Advisors LLC lifted its stake in iMGP DBi Managed Futures Strategy ETF by 46.4% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 634,210 shares of the company’s stock worth $17,840,000 after purchasing an additional 200,877 shares in the last quarter. Litman Gregory Wealth Management LLC boosted its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 17.6% during the 2nd quarter. Litman Gregory Wealth Management LLC now owns 913,944 shares of the company’s stock worth $27,473,000 after purchasing an additional 136,920 shares during the last quarter. Finally, Private Advisor Group LLC grew its position in shares of iMGP DBi Managed Futures Strategy ETF by 126.6% in the third quarter. Private Advisor Group LLC now owns 230,208 shares of the company’s stock valued at $6,476,000 after purchasing an additional 128,611 shares in the last quarter.

iMGP DBi Managed Futures Strategy ETF Stock Performance

Shares of iMGP DBi Managed Futures Strategy ETF stock opened at $27.32 on Tuesday. The business’s 50 day moving average price is $27.41 and its 200 day moving average price is $28.42. The company has a market cap of $954.29 million, a price-to-earnings ratio of 24.50 and a beta of 0.04. iMGP DBi Managed Futures Strategy ETF has a one year low of $25.60 and a one year high of $30.63.

iMGP DBi Managed Futures Strategy ETF Announces Dividend

The business also recently declared a dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 27th were issued a dividend of $0.2507 per share. The ex-dividend date of this dividend was Friday, September 27th.

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.