Advisor Resource Council Purchases Shares of 23,492 iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Advisor Resource Council purchased a new stake in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 23,492 shares of the company’s stock, valued at approximately $661,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Sterneck Capital Management LLC increased its position in iMGP DBi Managed Futures Strategy ETF by 0.8% during the second quarter. Sterneck Capital Management LLC now owns 47,787 shares of the company’s stock worth $1,436,000 after acquiring an additional 367 shares during the period. Strategic Blueprint LLC increased its position in iMGP DBi Managed Futures Strategy ETF by 2.3% during the third quarter. Strategic Blueprint LLC now owns 21,223 shares of the company’s stock worth $597,000 after acquiring an additional 484 shares during the period. Retirement Financial Solutions LLC increased its position in iMGP DBi Managed Futures Strategy ETF by 2.4% during the third quarter. Retirement Financial Solutions LLC now owns 25,049 shares of the company’s stock worth $705,000 after acquiring an additional 577 shares during the period. West Michigan Advisors LLC increased its position in iMGP DBi Managed Futures Strategy ETF by 2.5% during the third quarter. West Michigan Advisors LLC now owns 28,431 shares of the company’s stock worth $800,000 after acquiring an additional 680 shares during the period. Finally, City Center Advisors LLC boosted its stake in iMGP DBi Managed Futures Strategy ETF by 3.2% during the third quarter. City Center Advisors LLC now owns 26,481 shares of the company’s stock worth $745,000 after buying an additional 822 shares in the last quarter.

iMGP DBi Managed Futures Strategy ETF Price Performance

DBMF opened at $27.04 on Thursday. iMGP DBi Managed Futures Strategy ETF has a fifty-two week low of $25.60 and a fifty-two week high of $30.63. The firm’s fifty day moving average price is $27.72 and its two-hundred day moving average price is $28.72. 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 Dividend Announcement

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