Farther Finance Advisors LLC Has $4.39 Million Stake in iMGP DBi Managed Futures Strategy ETF $DBMF

Farther Finance Advisors LLC increased its position in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 49.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 160,870 shares of the company’s stock after purchasing an additional 53,394 shares during the period. Farther Finance Advisors LLC owned approximately 0.25% of iMGP DBi Managed Futures Strategy ETF worth $4,393,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of DBMF. Parcion Private Wealth LLC acquired a new position in iMGP DBi Managed Futures Strategy ETF during the third quarter worth $41,968,000. Raymond James Financial Inc. raised its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 54.9% in the 2nd quarter. Raymond James Financial Inc. now owns 1,285,564 shares of the company’s stock worth $33,078,000 after acquiring an additional 455,884 shares during the last quarter. Savant Capital LLC lifted its position in iMGP DBi Managed Futures Strategy ETF by 54.0% in the 2nd quarter. Savant Capital LLC now owns 704,535 shares of the company’s stock valued at $18,128,000 after acquiring an additional 247,033 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in iMGP DBi Managed Futures Strategy ETF by 6.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 633,318 shares of the company’s stock valued at $16,295,000 after purchasing an additional 40,844 shares during the last quarter. Finally, Summit Wealth & Retirement Planning Inc. increased its holdings in iMGP DBi Managed Futures Strategy ETF by 4.0% during the 2nd quarter. Summit Wealth & Retirement Planning Inc. now owns 585,899 shares of the company’s stock worth $15,075,000 after purchasing an additional 22,309 shares in the last quarter.

iMGP DBi Managed Futures Strategy ETF Stock Down 0.1%

Shares of iMGP DBi Managed Futures Strategy ETF stock opened at $29.44 on Thursday. iMGP DBi Managed Futures Strategy ETF has a 52 week low of $24.52 and a 52 week high of $29.56. The business has a 50 day moving average price of $28.65 and a 200-day moving average price of $27.11. The company has a market cap of $1.96 billion, a PE ratio of 24.50 and a beta of -0.20.

iMGP DBi Managed Futures Strategy ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 29th were paid a dividend of $0.1411 per share. The ex-dividend date was Monday, September 29th. This represents a $0.56 annualized dividend and a yield of 1.9%.

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.