iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Hits New 1-Year Low – Here’s Why

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)’s stock price hit a new 52-week low during trading on Monday . The company traded as low as $25.03 and last traded at $25.07, with a volume of 118638 shares. The stock had previously closed at $25.37.

iMGP DBi Managed Futures Strategy ETF Stock Performance

The stock’s fifty day moving average is $26.29 and its 200 day moving average is $27.04. The stock has a market cap of $1.30 billion, a P/E ratio of 24.50 and a beta of -0.15.

Institutional Trading of iMGP DBi Managed Futures Strategy ETF

Several hedge funds and other institutional investors have recently bought and sold shares of DBMF. Stifel Financial Corp boosted its stake in shares of iMGP DBi Managed Futures Strategy ETF by 12.1% during the 3rd quarter. Stifel Financial Corp now owns 34,056 shares of the company’s stock worth $958,000 after purchasing an additional 3,670 shares during the period. US Bancorp DE bought a new stake in iMGP DBi Managed Futures Strategy ETF in the third quarter worth about $29,000. Atria Investments Inc boosted its position in shares of iMGP DBi Managed Futures Strategy ETF by 6.3% during the third quarter. Atria Investments Inc now owns 11,911 shares of the company’s stock valued at $335,000 after buying an additional 702 shares during the period. HighTower Advisors LLC grew its stake in shares of iMGP DBi Managed Futures Strategy ETF by 22.5% during the third quarter. HighTower Advisors LLC now owns 122,787 shares of the company’s stock valued at $3,459,000 after buying an additional 22,588 shares during the last quarter. Finally, Truist Financial Corp raised its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 13.9% in the fourth quarter. Truist Financial Corp now owns 312,986 shares of the company’s stock worth $8,188,000 after buying an additional 38,255 shares during the period.

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.