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

Shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) saw unusually-high trading volume on Thursday after the company announced a dividend. 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 of this dividend is Thursday, March 27th.

iMGP DBi Managed Futures Strategy ETF Price Performance

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

Institutional Trading of iMGP DBi Managed Futures Strategy ETF

Several institutional investors and hedge funds have recently modified their holdings of DBMF. Kestra Investment Management LLC purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF during the 4th quarter worth approximately $39,000. Transce3nd LLC purchased a new position in iMGP DBi Managed Futures Strategy ETF during the fourth quarter worth $49,000. Stonebridge Financial Group LLC acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF in the fourth quarter worth $63,000. New Wave Wealth Advisors LLC purchased a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the fourth quarter valued at $67,000. Finally, Comerica Bank lifted its position in shares of iMGP DBi Managed Futures Strategy ETF by 140.4% in the fourth quarter. Comerica Bank now owns 3,674 shares of the company’s stock valued at $96,000 after acquiring an additional 2,146 shares in the last quarter.

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.