Bank of New York Mellon Corp Invests $339,000 in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Bank of New York Mellon Corp purchased a new stake in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,963 shares of the company’s stock, valued at approximately $339,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Kestra Investment Management LLC purchased a new stake in iMGP DBi Managed Futures Strategy ETF in the 4th quarter valued at $39,000. Stonebridge Financial Group LLC acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF during the 4th quarter valued at about $63,000. New Wave Wealth Advisors LLC acquired a new stake in iMGP DBi Managed Futures Strategy ETF during the fourth quarter worth about $67,000. Elevation Wealth Partners LLC purchased a new position in iMGP DBi Managed Futures Strategy ETF during the fourth quarter worth about $120,000. Finally, Raleigh Capital Management Inc. purchased a new position in iMGP DBi Managed Futures Strategy ETF during the fourth quarter worth about $174,000.

iMGP DBi Managed Futures Strategy ETF Price Performance

iMGP DBi Managed Futures Strategy ETF stock opened at $25.33 on Friday. The firm has a 50 day simple moving average of $26.00 and a 200-day simple moving average of $26.83. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 24.50 and a beta of -0.15. iMGP DBi Managed Futures Strategy ETF has a 1-year low of $24.71 and a 1-year high of $30.63.

iMGP DBi Managed Futures Strategy ETF Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be given a $0.1789 dividend. The ex-dividend date of this dividend is Thursday, March 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.