27,978 iMGP DBi Managed Futures Strategy ETF $DBMF Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC raised its stake in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 2.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 983,562 shares of the company’s stock after purchasing an additional 27,978 shares during the period. Farther Finance Advisors LLC owned 0.61% of iMGP DBi Managed Futures Strategy ETF worth $31,995,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of DBMF. LPL Financial LLC boosted its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 6.7% during the 4th quarter. LPL Financial LLC now owns 5,637,634 shares of the company’s stock worth $158,192,000 after buying an additional 355,157 shares during the period. Bank of America Corp DE lifted its holdings in iMGP DBi Managed Futures Strategy ETF by 625.1% during the 1st quarter. Bank of America Corp DE now owns 1,519,544 shares of the company’s stock worth $45,814,000 after purchasing an additional 1,309,969 shares during the last quarter. Tidal Investments LLC lifted its holdings in iMGP DBi Managed Futures Strategy ETF by 0.5% during the 2nd quarter. Tidal Investments LLC now owns 1,390,852 shares of the company’s stock worth $42,574,000 after purchasing an additional 7,073 shares during the last quarter. Cardinal Point Capital Management ULC boosted its stake in iMGP DBi Managed Futures Strategy ETF by 6.0% in the 1st quarter. Cardinal Point Capital Management ULC now owns 1,234,297 shares of the company’s stock valued at $37,214,000 after purchasing an additional 69,681 shares during the period. Finally, Royal Bank of Canada boosted its stake in iMGP DBi Managed Futures Strategy ETF by 21.4% in the 1st quarter. Royal Bank of Canada now owns 922,338 shares of the company’s stock valued at $27,808,000 after purchasing an additional 162,363 shares during the period.

iMGP DBi Managed Futures Strategy ETF Price Performance

NYSEARCA DBMF traded down $0.16 on Thursday, reaching $32.91. The stock had a trading volume of 2,836,872 shares, compared to its average volume of 1,781,893. The company has a market cap of $5.30 billion, a P/E ratio of 24.50 and a beta of -0.21. The firm has a fifty day moving average of $31.69 and a two-hundred day moving average of $31.05. iMGP DBi Managed Futures Strategy ETF has a 1-year low of $27.15 and a 1-year high of $33.38.

iMGP DBi Managed Futures Strategy ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 29th were paid a $0.1456 dividend. This represents a $0.58 annualized dividend and a dividend yield of 1.8%. This is a drop from iMGP DBi Managed Futures Strategy ETF’s previous quarterly dividend of $0.1529. The ex-dividend date was Tuesday, September 29th.

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.