iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Reaches New 12-Month High at $29.97

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $29.97 and last traded at $29.94, with a volume of 37865 shares. The stock had previously closed at $29.49.

iMGP DBi Managed Futures Strategy ETF Stock Up 2.4 %

The company has a 50-day moving average of $28.31 and a 200 day moving average of $27.56. The firm has a market capitalization of $1.01 billion, a PE ratio of 24.50 and a beta of -0.14.

Hedge Funds Weigh In On iMGP DBi Managed Futures Strategy ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted 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 purchasing an additional 6,791,529 shares in the last quarter. Miracle Mile Advisors LLC boosted its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 9.0% in the 3rd quarter. Miracle Mile Advisors LLC now owns 2,425,513 shares of the company’s stock worth $70,097,000 after purchasing an additional 199,830 shares in the last quarter. Naviter Wealth LLC boosted its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 477.7% in the 1st quarter. Naviter Wealth LLC now owns 1,514,886 shares of the company’s stock worth $43,447,000 after purchasing an additional 1,252,680 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 4.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,317,148 shares of the company’s stock worth $38,066,000 after purchasing an additional 57,379 shares in the last quarter. Finally, LPL Financial LLC boosted its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 217.0% in the 3rd quarter. LPL Financial LLC now owns 1,039,828 shares of the company’s stock worth $30,051,000 after purchasing an additional 711,763 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.