iMGP DBi Managed Futures Strategy ETF $DBMF Shares Purchased by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC increased its position in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 15.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 420,468 shares of the company’s stock after buying an additional 57,503 shares during the period. Axxcess Wealth Management LLC’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $11,483,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Inspire Advisors LLC acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF in the second quarter worth about $207,000. Worth Asset Management LLC acquired a new stake in iMGP DBi Managed Futures Strategy ETF in the third quarter valued at approximately $226,000. Harbour Investments Inc. raised its stake in shares of iMGP DBi Managed Futures Strategy ETF by 8.5% during the 2nd quarter. Harbour Investments Inc. now owns 8,933 shares of the company’s stock worth $230,000 after buying an additional 698 shares during the period. L2 Asset Management LLC purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF during the 2nd quarter valued at approximately $246,000. Finally, Brighton Jones LLC grew its stake in iMGP DBi Managed Futures Strategy ETF by 4.8% in the 2nd quarter. Brighton Jones LLC now owns 10,321 shares of the company’s stock valued at $266,000 after acquiring an additional 474 shares during the period.

iMGP DBi Managed Futures Strategy ETF Stock Performance

NYSEARCA:DBMF opened at $30.18 on Wednesday. The stock has a market capitalization of $2.44 billion, a PE ratio of 24.50 and a beta of -0.20. iMGP DBi Managed Futures Strategy ETF has a fifty-two week low of $24.52 and a fifty-two week high of $30.68. The company has a fifty day moving average of $29.23 and a two-hundred day moving average of $28.10.

iMGP DBi Managed Futures Strategy ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were given a dividend of $1.168 per share. This is a boost from iMGP DBi Managed Futures Strategy ETF’s previous quarterly dividend of $0.14. The ex-dividend date was Tuesday, December 30th. This represents a $4.67 annualized dividend and a dividend yield of 15.5%.

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.