iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Sees Strong Trading Volume Following Dividend Announcement

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) saw unusually-strong trading volume on Thursday following a dividend announcement from the company. Approximately 2,986,802 shares changed hands during mid-day trading, an increase of 475% from the previous session’s volume of 519,775 shares.The stock last traded at $25.44 and had previously closed at $25.35.

The newly announced dividend which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be given a dividend of $0.1789 per share. The ex-dividend date is Thursday, March 27th.

iMGP DBi Managed Futures Strategy ETF Trading Down 0.4 %

The business has a 50 day moving average of $26.00 and a 200-day moving average of $26.83. The stock has a market cap of $1.14 billion, a PE ratio of 24.50 and a beta of -0.15.

Hedge Funds Weigh In On iMGP DBi Managed Futures Strategy ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its holdings in iMGP DBi Managed Futures Strategy ETF by 1,438.0% in the 4th quarter. JPMorgan Chase & Co. now owns 5,669,140 shares of the company’s stock worth $148,305,000 after acquiring an additional 5,300,530 shares during the period. Royal Bank of Canada grew its position in shares of iMGP DBi Managed Futures Strategy ETF by 2,732.6% during the fourth quarter. Royal Bank of Canada now owns 1,319,898 shares of the company’s stock worth $34,529,000 after buying an additional 1,273,302 shares in the last quarter. Parcion Private Wealth LLC bought a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the fourth quarter worth $31,817,000. Wells Fargo & Company MN acquired a new stake in iMGP DBi Managed Futures Strategy ETF in the fourth quarter valued at $17,794,000. Finally, Litman Gregory Wealth Management LLC raised its holdings in iMGP DBi Managed Futures Strategy ETF by 50.6% in the fourth quarter. Litman Gregory Wealth Management LLC now owns 1,484,932 shares of the company’s stock valued at $38,846,000 after acquiring an additional 498,845 shares in the last quarter.

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.