iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Sees Strong Trading Volume – Time to Buy?

Shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) saw an uptick in trading volume on Wednesday . 3,648,918 shares were traded during trading, an increase of 535% from the previous session’s volume of 574,357 shares.The stock last traded at $26.46 and had previously closed at $26.33.

iMGP DBi Managed Futures Strategy ETF Price Performance

The firm has a 50 day moving average of $26.97 and a 200-day moving average of $27.91. The stock has a market capitalization of $925.30 million, a P/E ratio of 24.50 and a beta of 0.04.

Institutional Investors Weigh In On iMGP DBi Managed Futures Strategy ETF

A number of institutional investors have recently made changes to their positions in the stock. CWM LLC raised its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 43.0% during the third quarter. CWM LLC now owns 2,028,633 shares of the company’s stock worth $57,065,000 after acquiring an additional 610,397 shares during the period. FMA Wealth Management LLC acquired a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the third quarter valued at approximately $5,922,000. OneDigital Investment Advisors LLC boosted its position in iMGP DBi Managed Futures Strategy ETF by 46.4% during the third quarter. OneDigital Investment Advisors LLC now owns 634,210 shares of the company’s stock worth $17,840,000 after purchasing an additional 200,877 shares during the period. Private Advisor Group LLC boosted its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 126.6% during the 3rd quarter. Private Advisor Group LLC now owns 230,208 shares of the company’s stock worth $6,476,000 after buying an additional 128,611 shares during the period. Finally, Innova Wealth Partners bought a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the fourth quarter worth approximately $3,125,000.

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.