iMGP DBi Managed Futures Strategy ETF $DBMF Stock Holdings Lifted by Sterneck Capital Management LLC

Sterneck Capital Management LLC lifted its stake in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 183.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 124,855 shares of the company’s stock after acquiring an additional 80,803 shares during the quarter. iMGP DBi Managed Futures Strategy ETF comprises 1.6% of Sterneck Capital Management LLC’s holdings, making the stock its 22nd biggest position. Sterneck Capital Management LLC’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $3,410,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Inspire Advisors LLC purchased a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the second quarter valued at $207,000. Worth Asset Management LLC purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF in the third quarter worth approximately $226,000. Harbour Investments Inc. raised its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 8.5% during the second quarter. Harbour Investments Inc. now owns 8,933 shares of the company’s stock valued at $230,000 after acquiring an additional 698 shares during the period. Focus Financial Network Inc. lifted its position in shares of iMGP DBi Managed Futures Strategy ETF by 12.2% in the 2nd quarter. Focus Financial Network Inc. now owns 9,440 shares of the company’s stock valued at $243,000 after acquiring an additional 1,023 shares in the last quarter. Finally, L2 Asset Management LLC purchased a new position in iMGP DBi Managed Futures Strategy ETF during the 2nd quarter worth approximately $246,000.

iMGP DBi Managed Futures Strategy ETF Stock Up 0.8%

DBMF opened at $28.50 on Monday. The firm has a market capitalization of $2.16 billion, a P/E ratio of 24.50 and a beta of -0.20. The stock has a fifty day moving average of $28.68 and a 200-day moving average of $27.37. iMGP DBi Managed Futures Strategy ETF has a 12-month low of $24.52 and a 12-month high of $29.66.

iMGP DBi Managed Futures Strategy ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 30th were given a dividend of $1.168 per share. This represents a $4.67 dividend on an annualized basis and a yield of 16.4%. The ex-dividend date was Tuesday, December 30th. This is a boost from iMGP DBi Managed Futures Strategy ETF’s previous quarterly dividend of $0.14.

About iMGP DBi Managed Futures Strategy ETF

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.