iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF – Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 2,986,802 shares traded 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.
iMGP DBi Managed Futures Strategy ETF Stock Performance
The stock has a market cap of $1.14 billion, a PE ratio of 24.50 and a beta of -0.15. The company’s 50-day moving average price is $26.05 and its 200 day moving average price is $26.85.
Hedge Funds Weigh In On iMGP DBi Managed Futures Strategy ETF
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Kestra Investment Management LLC purchased a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the fourth quarter worth about $39,000. Transce3nd LLC bought a new position in shares of iMGP DBi Managed Futures Strategy ETF during the 4th quarter valued at approximately $49,000. Stonebridge Financial Group LLC purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF in the fourth quarter valued at $63,000. New Wave Wealth Advisors LLC bought a new stake in iMGP DBi Managed Futures Strategy ETF in the fourth quarter worth $67,000. Finally, Comerica Bank raised its stake in iMGP DBi Managed Futures Strategy ETF by 140.4% during the fourth quarter. Comerica Bank now owns 3,674 shares of the company’s stock valued at $96,000 after purchasing 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.
Further Reading
- Five stocks we like better than iMGP DBi Managed Futures Strategy ETF
- Where to Find Earnings Call Transcripts
- Penny Stock SurgePays Rises 70%: 1 Reason to Buy, 5 to Sell
- Insider Trades May Not Tell You What You Think
- Top 3 Beverage Stocks Pouring Out Profits
- What is a Dividend Harvesting Strategy and How Can Investors Profit from it?
- CarMax and Carvana: Steering the Used Car Market
Receive News & Ratings for iMGP DBi Managed Futures Strategy ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iMGP DBi Managed Futures Strategy ETF and related companies with MarketBeat.com's FREE daily email newsletter.
