Advisor Resource Council Invests $661,000 in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Advisor Resource Council purchased a new position in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 23,492 shares of the company’s stock, valued at approximately $661,000. Advisor Resource Council owned approximately 0.07% of iMGP DBi Managed Futures Strategy ETF at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. CWM LLC increased its holdings in iMGP DBi Managed Futures Strategy ETF by 43.0% in the third quarter. CWM LLC now owns 2,028,633 shares of the company’s stock worth $57,065,000 after buying an additional 610,397 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in iMGP DBi Managed Futures Strategy ETF by 6.2% in the second quarter. Envestnet Asset Management Inc. now owns 1,895,164 shares of the company’s stock worth $56,969,000 after buying an additional 109,823 shares during the last quarter. Naviter Wealth LLC increased its holdings in iMGP DBi Managed Futures Strategy ETF by 3.0% in the third quarter. Naviter Wealth LLC now owns 1,684,500 shares of the company’s stock worth $47,385,000 after buying an additional 48,446 shares during the last quarter. Goldstein Advisors LLC increased its holdings in iMGP DBi Managed Futures Strategy ETF by 3.2% in the third quarter. Goldstein Advisors LLC now owns 1,037,861 shares of the company’s stock worth $29,195,000 after buying an additional 31,789 shares during the last quarter. Finally, Cardinal Point Capital Management ULC increased its holdings in iMGP DBi Managed Futures Strategy ETF by 3.0% in the third quarter. Cardinal Point Capital Management ULC now owns 1,037,835 shares of the company’s stock worth $29,194,000 after buying an additional 30,309 shares during the last quarter.

iMGP DBi Managed Futures Strategy ETF Stock Performance

NYSEARCA:DBMF opened at $27.04 on Thursday. The stock’s 50 day moving average price is $27.72 and its 200 day moving average price is $28.72. iMGP DBi Managed Futures Strategy ETF has a 52 week low of $25.60 and a 52 week high of $30.63. The company has a market capitalization of $944.51 million, a P/E ratio of 24.50 and a beta of 0.04.

iMGP DBi Managed Futures Strategy ETF Announces Dividend

The business also recently declared a dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 27th were issued a dividend of $0.2507 per share. The ex-dividend date of this dividend was Friday, September 27th.

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.