iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Sets New 52-Week High at $31.50

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $31.50 and last traded at $31.50, with a volume of 111 shares trading hands. The stock had previously closed at $30.06.

iMGP DBi Managed Futures Strategy ETF Price Performance

The firm’s 50 day moving average is $29.62 and its 200 day moving average is $28.10. The company has a market cap of $1.10 billion, a PE ratio of 24.50 and a beta of 0.04.

Hedge Funds Weigh In On iMGP DBi Managed Futures Strategy ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of DBMF. Envestnet Portfolio Solutions Inc. purchased a new position in iMGP DBi Managed Futures Strategy ETF in the 3rd quarter worth approximately $211,000. Mariner LLC lifted its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 24.5% in the 3rd quarter. Mariner LLC now owns 44,261 shares of the company’s stock worth $1,279,000 after acquiring an additional 8,703 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 2,402.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,074,260 shares of the company’s stock worth $204,446,000 after acquiring an additional 6,791,529 shares during the last quarter. Austin Wealth Management LLC bought a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the 3rd quarter worth approximately $1,930,000. Finally, Sound Income Strategies LLC bought a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the 4th quarter worth approximately $28,000.

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.