iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Hits New 1-Year Low – Should You Sell?

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) shares hit a new 52-week low during trading on Friday . The company traded as low as $24.70 and last traded at $24.72, with a volume of 49916 shares trading hands. The stock had previously closed at $25.00.

iMGP DBi Managed Futures Strategy ETF Price Performance

The business has a fifty day moving average of $25.86 and a 200 day moving average of $26.72. The stock has a market cap of $1.18 billion, a PE ratio of 24.50 and a beta of -0.15.

iMGP DBi Managed Futures Strategy ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a dividend of $0.1789 per share. The ex-dividend date of this dividend was Thursday, March 27th.

Institutional Trading of iMGP DBi Managed Futures Strategy ETF

Institutional investors have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC increased its holdings in iMGP DBi Managed Futures Strategy ETF by 31.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 45,475 shares of the company’s stock valued at $1,190,000 after buying an additional 10,815 shares during the last quarter. Integrated Advisors Network LLC raised its position in shares of iMGP DBi Managed Futures Strategy ETF by 14.1% during the 4th quarter. Integrated Advisors Network LLC now owns 16,577 shares of the company’s stock valued at $434,000 after acquiring an additional 2,047 shares in the last quarter. Vise Technologies Inc. bought a new position in iMGP DBi Managed Futures Strategy ETF during the fourth quarter worth $284,000. CSS LLC IL boosted its holdings in iMGP DBi Managed Futures Strategy ETF by 17.0% in the fourth quarter. CSS LLC IL now owns 178,784 shares of the company’s stock worth $4,677,000 after purchasing an additional 25,920 shares during the period. Finally, Visionary Wealth Advisors increased its stake in iMGP DBi Managed Futures Strategy ETF by 12.3% during the fourth quarter. Visionary Wealth Advisors now owns 49,487 shares of the company’s stock valued at $1,295,000 after purchasing an additional 5,436 shares during 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.