Shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF – Get Free Report) saw unusually-strong trading volume on Monday . 5,716,208 shares traded hands during mid-day trading, an increase of 266% from the previous session’s volume of 1,559,905 shares.The stock last traded at $30.60 and had previously closed at $30.92.
iMGP DBi Managed Futures Strategy ETF Stock Down 1.0%
The firm has a market capitalization of $4.08 billion, a P/E ratio of 24.50 and a beta of -0.20. The business has a 50-day moving average price of $30.89 and a 200-day moving average price of $30.53.
Hedge Funds Weigh In On iMGP DBi Managed Futures Strategy ETF
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Midwest Financial Group LLC grew its position in iMGP DBi Managed Futures Strategy ETF by 0.4% in the first quarter. Midwest Financial Group LLC now owns 80,922 shares of the company’s stock valued at $2,440,000 after acquiring an additional 344 shares during the period. Integrated Advisors Network LLC grew its stake in iMGP DBi Managed Futures Strategy ETF by 4.2% during the first quarter. Integrated Advisors Network LLC now owns 10,675 shares of the company’s stock worth $322,000 after buying an additional 427 shares during the last quarter. Proactive Wealth Strategies LLC increased its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 2.2% during the fourth quarter. Proactive Wealth Strategies LLC now owns 20,078 shares of the company’s stock worth $563,000 after buying an additional 432 shares in the last quarter. Essential Partners LLC grew its position in iMGP DBi Managed Futures Strategy ETF by 2.7% during the 1st quarter. Essential Partners LLC now owns 24,202 shares of the company’s stock worth $730,000 after acquiring an additional 629 shares during the last quarter. Finally, Able Wealth Management LLC grew its position in iMGP DBi Managed Futures Strategy ETF by 8.5% during the 1st quarter. Able Wealth Management LLC now owns 8,147 shares of the company’s stock worth $246,000 after acquiring an additional 641 shares during 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.
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