Shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF – Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 2,561,355 shares changed hands during mid-day trading, an increase of 111% from the previous session’s volume of 1,213,760 shares.The stock last traded at $26.67 and had previously closed at $26.64.
iMGP DBi Managed Futures Strategy ETF Price Performance
The stock has a market cap of $931.58 million, a P/E ratio of 24.50 and a beta of 0.04. The stock has a 50-day simple moving average of $26.94 and a 200-day simple moving average of $27.79.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of DBMF. CWM LLC raised its stake 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 valued at $57,065,000 after acquiring an additional 610,397 shares during the last quarter. Fortitude Family Office LLC acquired a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the fourth quarter worth $6,147,000. FMA Wealth Management LLC acquired a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the third quarter worth $5,922,000. OneDigital Investment Advisors LLC raised its position in shares of iMGP DBi Managed Futures Strategy ETF by 46.4% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 634,210 shares of the company’s stock worth $17,840,000 after acquiring an additional 200,877 shares in the last quarter. Finally, Private Advisor Group LLC grew its stake in iMGP DBi Managed Futures Strategy ETF by 126.6% during the third quarter. Private Advisor Group LLC now owns 230,208 shares of the company’s stock worth $6,476,000 after purchasing an additional 128,611 shares during the period.
iMGP DBi Managed Futures Strategy ETF Company 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.
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