Abbington Investment Group Makes New $922,000 Investment in iMGP DBi Managed Futures Strategy ETF $DBMF

Abbington Investment Group bought a new stake in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 33,764 shares of the company’s stock, valued at approximately $922,000. Abbington Investment Group owned about 0.05% of iMGP DBi Managed Futures Strategy ETF at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. A&I Financial Services LLC grew its position in iMGP DBi Managed Futures Strategy ETF by 48.0% in the 3rd quarter. A&I Financial Services LLC now owns 328,690 shares of the company’s stock worth $9,009,000 after purchasing an additional 106,561 shares in the last quarter. CoreCap Advisors LLC boosted its stake in shares of iMGP DBi Managed Futures Strategy ETF by 24.9% in the 3rd quarter. CoreCap Advisors LLC now owns 161,695 shares of the company’s stock worth $4,416,000 after buying an additional 32,233 shares during the last quarter. RHS Financial LLC grew its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 7.8% in the third quarter. RHS Financial LLC now owns 54,153 shares of the company’s stock valued at $1,479,000 after acquiring an additional 3,903 shares in the last quarter. Upper Left Wealth Management LLC grew its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 3.6% in the third quarter. Upper Left Wealth Management LLC now owns 187,599 shares of the company’s stock valued at $5,123,000 after acquiring an additional 6,543 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its position in shares of iMGP DBi Managed Futures Strategy ETF by 5.5% during the third quarter. Commonwealth Equity Services LLC now owns 526,375 shares of the company’s stock valued at $14,375,000 after acquiring an additional 27,560 shares during the last quarter.

iMGP DBi Managed Futures Strategy ETF Trading Down 0.2%

Shares of iMGP DBi Managed Futures Strategy ETF stock opened at $28.28 on Friday. The business’s fifty day simple moving average is $28.68 and its 200 day simple moving average is $27.33. iMGP DBi Managed Futures Strategy ETF has a 12 month low of $24.52 and a 12 month high of $29.66. The firm has a market capitalization of $2.12 billion, a P/E ratio of 24.50 and a beta of -0.20.

iMGP DBi Managed Futures Strategy ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th were paid a dividend of $1.168 per share. This represents a $4.67 dividend on an annualized basis and a dividend yield of 16.5%. The ex-dividend date was Tuesday, December 30th. This is a positive change from iMGP DBi Managed Futures Strategy ETF’s previous quarterly dividend of $0.14.

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.