Innova Wealth Partners Sells 45,127 Shares of iMGP DBi Managed Futures Strategy ETF $DBMF

Innova Wealth Partners reduced its position in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 57.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,516 shares of the company’s stock after selling 45,127 shares during the period. Innova Wealth Partners owned 0.05% of iMGP DBi Managed Futures Strategy ETF worth $915,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Parcion Private Wealth LLC purchased a new stake in iMGP DBi Managed Futures Strategy ETF in the 3rd quarter worth approximately $41,968,000. Raymond James Financial Inc. increased its stake in shares of iMGP DBi Managed Futures Strategy ETF by 54.9% during the second quarter. Raymond James Financial Inc. now owns 1,285,564 shares of the company’s stock valued at $33,078,000 after buying an additional 455,884 shares during the period. Tidal Investments LLC increased its stake in shares of iMGP DBi Managed Futures Strategy ETF by 107.3% during the third quarter. Tidal Investments LLC now owns 703,075 shares of the company’s stock valued at $19,201,000 after buying an additional 363,998 shares during the period. Savant Capital LLC raised its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 37.3% during the third quarter. Savant Capital LLC now owns 967,384 shares of the company’s stock valued at $26,419,000 after acquiring an additional 262,849 shares in the last quarter. Finally, Beacon Capital Management Inc. bought a new position in shares of iMGP DBi Managed Futures Strategy ETF during the third quarter valued at approximately $6,533,000.

iMGP DBi Managed Futures Strategy ETF Stock Down 0.8%

Shares of DBMF stock opened at $30.81 on Thursday. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of 24.50 and a beta of -0.20. The stock has a fifty day moving average of $30.08 and a 200 day moving average of $28.82. iMGP DBi Managed Futures Strategy ETF has a 52 week low of $24.52 and a 52 week high of $31.66.

iMGP DBi Managed Futures Strategy ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th were given a $1.168 dividend. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a $4.67 annualized dividend and a dividend yield of 15.2%. This is a positive change from iMGP DBi Managed Futures Strategy ETF’s previous quarterly dividend of $0.14.

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.