Matrix Trust Co Decreases Stock Position in iMGP DBi Managed Futures Strategy ETF $DBMF

Matrix Trust Co trimmed its position in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 78.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,251 shares of the company’s stock after selling 30,619 shares during the period. Matrix Trust Co’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $232,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its position in iMGP DBi Managed Futures Strategy ETF by 3.9% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,969,299 shares of the company’s stock valued at $53,782,000 after buying an additional 73,114 shares during the last quarter. Parcion Private Wealth LLC acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF in the third quarter worth about $41,968,000. Raymond James Financial Inc. lifted its stake in shares of iMGP DBi Managed Futures Strategy ETF by 6.4% in the third quarter. Raymond James Financial Inc. now owns 1,367,786 shares of the company’s stock worth $37,354,000 after acquiring an additional 82,222 shares in the last quarter. Cardinal Point Capital Management ULC boosted its holdings in iMGP DBi Managed Futures Strategy ETF by 3.5% in the third quarter. Cardinal Point Capital Management ULC now owns 1,123,011 shares of the company’s stock valued at $31,411,000 after purchasing an additional 38,016 shares during the last quarter. Finally, Savant Capital LLC boosted its holdings in iMGP DBi Managed Futures Strategy ETF by 37.3% in the third quarter. Savant Capital LLC now owns 967,384 shares of the company’s stock valued at $26,419,000 after purchasing an additional 262,849 shares during the last quarter.

iMGP DBi Managed Futures Strategy ETF Stock Down 0.2%

Shares of NYSEARCA DBMF opened at $29.86 on Friday. iMGP DBi Managed Futures Strategy ETF has a fifty-two week low of $24.52 and a fifty-two week high of $31.66. The business has a 50 day moving average price of $30.22 and a two-hundred day moving average price of $28.95. The firm has a market cap of $2.42 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 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. The ex-dividend date of this dividend was Tuesday, December 30th. 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 15.6%.

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.