iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Sees Large Volume Increase – What’s Next?

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) saw unusually-high trading volume on Thursday . Approximately 1,369,378 shares traded hands during mid-day trading, an increase of 257% from the previous session’s volume of 383,631 shares.The stock last traded at $26.96 and had previously closed at $26.91.

iMGP DBi Managed Futures Strategy ETF Stock Up 0.1 %

The stock has a market capitalization of $938.22 million, a P/E ratio of 24.50 and a beta of 0.04. The stock’s 50 day moving average price is $27.20 and its 200-day moving average price is $28.19.

iMGP DBi Managed Futures Strategy ETF Dividend Announcement

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

Hedge Funds Weigh In On iMGP DBi Managed Futures Strategy ETF

A number of large investors have recently added to or reduced their stakes in the company. CWM LLC boosted its position in shares of iMGP DBi Managed Futures Strategy ETF by 43.0% in the 3rd quarter. CWM LLC now owns 2,028,633 shares of the company’s stock worth $57,065,000 after purchasing an additional 610,397 shares in the last quarter. FMA Wealth Management LLC purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF during the 3rd quarter valued at about $5,922,000. OneDigital Investment Advisors LLC raised its position in iMGP DBi Managed Futures Strategy ETF by 46.4% during the third quarter. OneDigital Investment Advisors LLC now owns 634,210 shares of the company’s stock valued at $17,840,000 after acquiring an additional 200,877 shares in the last quarter. Litman Gregory Wealth Management LLC lifted its holdings in iMGP DBi Managed Futures Strategy ETF by 17.6% in the second quarter. Litman Gregory Wealth Management LLC now owns 913,944 shares of the company’s stock valued at $27,473,000 after acquiring an additional 136,920 shares during the period. Finally, Private Advisor Group LLC increased its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 126.6% during the 3rd 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 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.