Shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF – Get Free Report) saw strong trading volume on Tuesday . 391,867 shares traded hands during trading, an increase of 23% from the previous session’s volume of 318,338 shares.The stock last traded at $29.30 and had previously closed at $29.23.
iMGP DBi Managed Futures Strategy ETF Price Performance
The stock’s 50-day moving average price is $28.20 and its 200 day moving average price is $27.54. The firm has a market cap of $984.97 million, a P/E ratio of 24.50 and a beta of -0.14.
Institutional Investors Weigh In On iMGP DBi Managed Futures Strategy ETF
A number of institutional investors and hedge funds have recently made changes to their positions in DBMF. Sound Income Strategies LLC acquired a new stake in iMGP DBi Managed Futures Strategy ETF in the 4th quarter valued at about $28,000. Fairman Group LLC acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF during the 4th quarter worth approximately $39,000. Concourse Financial Group Securities Inc. acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF during the 4th quarter worth approximately $111,000. Envestnet Portfolio Solutions Inc. bought a new stake in iMGP DBi Managed Futures Strategy ETF in the 3rd quarter valued at $211,000. Finally, Moors & Cabot Inc. bought a new position in iMGP DBi Managed Futures Strategy ETF during the third quarter worth $215,000.
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.
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