iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Reaches New 1-Year High – Still a Buy?

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) hit a new 52-week high on Wednesday . The company traded as high as $31.00 and last traded at $30.5330, with a volume of 453 shares traded. The stock had previously closed at $30.18.

iMGP DBi Managed Futures Strategy ETF Trading Up 1.5%

The company has a market cap of $2.48 billion, a price-to-earnings ratio of 24.50 and a beta of -0.20. The firm’s fifty day moving average price is $29.23 and its 200-day moving average price is $28.10.

iMGP DBi Managed Futures Strategy ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th were given a dividend of $1.168 per share. This is an increase from iMGP DBi Managed Futures Strategy ETF’s previous quarterly dividend of $0.14. This represents a $4.67 dividend on an annualized basis and a dividend yield of 15.3%. The ex-dividend date of this dividend was Tuesday, December 30th.

Institutional Trading of iMGP DBi Managed Futures Strategy ETF

A number of large investors have recently bought and sold shares of DBMF. Scarborough Advisors LLC lifted its stake in iMGP DBi Managed Futures Strategy ETF by 3.3% in the fourth quarter. Scarborough Advisors LLC now owns 345,677 shares of the company’s stock valued at $9,700,000 after buying an additional 11,099 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 14.9% during the fourth quarter. Cetera Investment Advisers now owns 246,435 shares of the company’s stock worth $6,915,000 after acquiring an additional 32,044 shares during the period. Equitable Holdings Inc. lifted its position in iMGP DBi Managed Futures Strategy ETF by 14.7% in the 4th quarter. Equitable Holdings Inc. now owns 210,496 shares of the company’s stock valued at $5,907,000 after acquiring an additional 26,942 shares in the last quarter. Stansberry Asset Management LLC boosted its stake in iMGP DBi Managed Futures Strategy ETF by 1.8% in the 4th quarter. Stansberry Asset Management LLC now owns 117,811 shares of the company’s stock worth $3,306,000 after purchasing an additional 2,085 shares during the period. Finally, Kovack Advisors Inc. acquired a new position in iMGP DBi Managed Futures Strategy ETF in the 4th quarter worth $1,134,000.

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.