Innova Wealth Partners Increases Stake in iMGP DBi Managed Futures Strategy ETF $DBMF

Innova Wealth Partners lifted its position in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 1,178.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 428,563 shares of the company’s stock after buying an additional 395,047 shares during the period. iMGP DBi Managed Futures Strategy ETF comprises 6.1% of Innova Wealth Partners’ investment portfolio, making the stock its largest position. Innova Wealth Partners’ holdings in iMGP DBi Managed Futures Strategy ETF were worth $12,025,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of DBMF. Advyzon Investment Management LLC boosted its stake in iMGP DBi Managed Futures Strategy ETF by 3.8% in the third quarter. Advyzon Investment Management LLC now owns 11,415 shares of the company’s stock worth $312,000 after buying an additional 421 shares in the last quarter. Focus Financial Network Inc. boosted its stake in shares of iMGP DBi Managed Futures Strategy ETF by 7.2% in the 3rd quarter. Focus Financial Network Inc. now owns 10,115 shares of the company’s stock valued at $276,000 after purchasing an additional 675 shares in the last quarter. Howard Bailey Securities LLC grew its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 1.9% during the 3rd quarter. Howard Bailey Securities LLC now owns 53,382 shares of the company’s stock valued at $1,458,000 after purchasing an additional 999 shares during the last quarter. Financial Advocates Investment Management grew its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 6.6% during the 2nd quarter. Financial Advocates Investment Management now owns 18,891 shares of the company’s stock valued at $486,000 after purchasing an additional 1,172 shares during the last quarter. Finally, CreativeOne Wealth LLC raised its position in iMGP DBi Managed Futures Strategy ETF by 9.7% in the 2nd quarter. CreativeOne Wealth LLC now owns 13,392 shares of the company’s stock worth $345,000 after purchasing an additional 1,188 shares during the period.

iMGP DBi Managed Futures Strategy ETF Stock Down 1.4%

iMGP DBi Managed Futures Strategy ETF stock opened at $29.81 on Friday. The firm has a fifty day simple moving average of $30.15 and a two-hundred day simple moving average of $28.85. iMGP DBi Managed Futures Strategy ETF has a twelve month low of $24.52 and a twelve month high of $31.66. The company has a market capitalization of $2.41 billion, a PE ratio of 24.50 and a beta of -0.20.

iMGP DBi Managed Futures Strategy ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th were paid a $1.168 dividend. This is a boost from iMGP DBi Managed Futures Strategy ETF’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a $4.67 dividend on an annualized basis and a dividend yield of 15.7%.

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.