Cetera Investment Advisers Grows Position in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Cetera Investment Advisers increased its holdings in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 6.5% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 162,537 shares of the company’s stock after buying an additional 9,914 shares during the quarter. Cetera Investment Advisers owned about 0.47% of iMGP DBi Managed Futures Strategy ETF worth $4,886,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Fairman Group LLC purchased a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the 4th quarter valued at about $39,000. Hobbs Group Advisors LLC purchased a new stake in iMGP DBi Managed Futures Strategy ETF in the second quarter worth approximately $180,000. HBW Advisory Services LLC purchased a new stake in iMGP DBi Managed Futures Strategy ETF in the second quarter worth approximately $182,000. Brighton Jones LLC bought a new stake in iMGP DBi Managed Futures Strategy ETF in the 2nd quarter worth approximately $220,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in iMGP DBi Managed Futures Strategy ETF during the 1st quarter valued at $211,000.

iMGP DBi Managed Futures Strategy ETF Price Performance

NYSEARCA DBMF opened at $27.56 on Wednesday. iMGP DBi Managed Futures Strategy ETF has a 1-year low of $25.60 and a 1-year high of $30.63. The stock has a market capitalization of $962.67 million, a price-to-earnings ratio of 24.50 and a beta of 0.04. The business’s fifty day moving average price is $27.91 and its 200-day moving average price is $28.98.

iMGP DBi Managed Futures Strategy ETF Announces Dividend

The company also recently announced a dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 27th were given a $0.2507 dividend. The ex-dividend date of this dividend 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.