iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Sees Large Volume Increase – Time to Buy?

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) shares saw unusually-high trading volume on Thursday . Approximately 1,369,378 shares were traded during trading, an increase of 257% from the previous session’s volume of 383,631 shares.The stock last traded at $26.96 and had previously closed at $26.91.

iMGP DBi Managed Futures Strategy ETF Stock Performance

The company has a 50 day moving average of $27.23 and a 200 day moving average of $28.22. The firm has a market cap of $939.97 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 disclosed a dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 27th were issued a $0.2507 dividend. The ex-dividend date of this dividend was Friday, September 27th.

Institutional Investors Weigh In On iMGP DBi Managed Futures Strategy ETF

A number of large investors have recently added to or reduced their stakes in DBMF. Sterneck Capital Management LLC increased its stake 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 valued at $1,436,000 after acquiring an additional 367 shares during the period. Strategic Blueprint LLC raised its position in iMGP DBi Managed Futures Strategy ETF by 2.3% in the third quarter. Strategic Blueprint LLC now owns 21,223 shares of the company’s stock worth $597,000 after purchasing an additional 484 shares in the last quarter. Retirement Financial Solutions LLC lifted its stake 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 purchasing an additional 577 shares during the period. West Michigan Advisors LLC increased its position in shares of iMGP DBi Managed Futures Strategy ETF by 2.5% during the 3rd quarter. West Michigan Advisors LLC now owns 28,431 shares of the company’s stock worth $800,000 after purchasing an additional 680 shares in the last quarter. Finally, Atria Investments Inc boosted its position in iMGP DBi Managed Futures Strategy ETF by 6.3% in the third quarter. Atria Investments Inc now owns 11,911 shares of the company’s stock valued at $335,000 after buying an additional 702 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.