9,579 Shares in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Acquired by Smart Portfolios LLC

Smart Portfolios LLC purchased a new stake in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 9,579 shares of the company’s stock, valued at approximately $269,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC raised its position in shares of iMGP DBi Managed Futures Strategy ETF by 43.0% in the third quarter. CWM LLC now owns 2,028,633 shares of the company’s stock valued at $57,065,000 after purchasing an additional 610,397 shares during the period. Envestnet Asset Management Inc. grew its stake in iMGP DBi Managed Futures Strategy ETF by 6.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,895,164 shares of the company’s stock valued at $56,969,000 after buying an additional 109,823 shares during the last quarter. Naviter Wealth LLC raised its holdings in iMGP DBi Managed Futures Strategy ETF by 3.0% in the 3rd quarter. Naviter Wealth LLC now owns 1,684,500 shares of the company’s stock valued at $47,385,000 after acquiring an additional 48,446 shares during the period. Goldstein Advisors LLC raised its holdings in iMGP DBi Managed Futures Strategy ETF by 3.2% in the 3rd quarter. Goldstein Advisors LLC now owns 1,037,861 shares of the company’s stock valued at $29,195,000 after acquiring an additional 31,789 shares during the period. Finally, Cardinal Point Capital Management ULC lifted its position in iMGP DBi Managed Futures Strategy ETF by 3.0% during the third quarter. Cardinal Point Capital Management ULC now owns 1,037,835 shares of the company’s stock worth $29,194,000 after acquiring an additional 30,309 shares during the last quarter.

iMGP DBi Managed Futures Strategy ETF Stock Performance

Shares of NYSEARCA DBMF traded up $0.04 during trading hours on Wednesday, reaching $26.99. 73,526 shares of the stock were exchanged, compared to its average volume of 337,506. The firm has a market capitalization of $942.76 million, a price-to-earnings ratio of 24.50 and a beta of 0.04. The stock’s fifty day simple moving average is $27.73 and its 200 day simple moving average is $28.74. iMGP DBi Managed Futures Strategy ETF has a 52 week low of $25.60 and a 52 week high of $30.63.

iMGP DBi Managed Futures Strategy ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 27th were given a dividend of $0.2507 per share. The ex-dividend date of this dividend was Friday, September 27th.

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.