Good Steward Wealth Advisors LLC Makes New $466,000 Investment in iMGP DBi Managed Futures Strategy ETF $DBMF

Good Steward Wealth Advisors LLC acquired a new stake in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 17,046 shares of the company’s stock, valued at approximately $466,000.

Other hedge funds also recently modified their holdings of the company. Advyzon Investment Management LLC grew its stake in iMGP DBi Managed Futures Strategy ETF by 4.3% in the 2nd quarter. Advyzon Investment Management LLC now owns 10,994 shares of the company’s stock valued at $283,000 after buying an additional 455 shares during the last quarter. Brighton Jones LLC lifted its position in iMGP DBi Managed Futures Strategy ETF by 4.8% during the second quarter. Brighton Jones LLC now owns 10,321 shares of the company’s stock worth $266,000 after acquiring an additional 474 shares during the last quarter. Focus Financial Network Inc. boosted its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 7.2% during the third quarter. Focus Financial Network Inc. now owns 10,115 shares of the company’s stock worth $276,000 after acquiring an additional 675 shares during the period. Harbour Investments Inc. grew its position in shares of iMGP DBi Managed Futures Strategy ETF by 8.5% in the second quarter. Harbour Investments Inc. now owns 8,933 shares of the company’s stock valued at $230,000 after purchasing an additional 698 shares during the last quarter. Finally, Howard Bailey Securities LLC grew its position in shares of iMGP DBi Managed Futures Strategy ETF by 1.9% in the third 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.

iMGP DBi Managed Futures Strategy ETF Trading Down 1.5%

NYSEARCA:DBMF opened at $30.16 on Friday. The stock has a market cap of $2.44 billion, a P/E ratio of 24.50 and a beta of -0.20. The stock has a 50 day simple moving average of $29.14 and a 200 day simple moving average of $27.97. iMGP DBi Managed Futures Strategy ETF has a 1-year low of $24.52 and a 1-year high of $30.68.

iMGP DBi Managed Futures Strategy ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th were issued a dividend of $1.168 per share. 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 15.5%. The ex-dividend date of this dividend was Tuesday, December 30th.

iMGP DBi Managed Futures Strategy ETF 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.