Commonwealth Equity Services LLC Acquires 27,560 Shares of iMGP DBi Managed Futures Strategy ETF $DBMF

Commonwealth Equity Services LLC raised its holdings in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 5.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 526,375 shares of the company’s stock after acquiring an additional 27,560 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.81% of iMGP DBi Managed Futures Strategy ETF worth $14,375,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Inspire Advisors LLC bought a new position in iMGP DBi Managed Futures Strategy ETF in the 2nd quarter worth $207,000. Worth Asset Management LLC purchased a new stake in iMGP DBi Managed Futures Strategy ETF in the third quarter worth about $226,000. Harbour Investments Inc. raised its stake in shares of iMGP DBi Managed Futures Strategy ETF by 8.5% in the second quarter. Harbour Investments Inc. now owns 8,933 shares of the company’s stock worth $230,000 after buying an additional 698 shares during the period. Focus Financial Network Inc. raised its stake in shares of iMGP DBi Managed Futures Strategy ETF by 12.2% in the second quarter. Focus Financial Network Inc. now owns 9,440 shares of the company’s stock worth $243,000 after buying an additional 1,023 shares during the period. Finally, L2 Asset Management LLC purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF during the 2nd quarter valued at about $246,000.

iMGP DBi Managed Futures Strategy ETF Trading Up 0.8%

iMGP DBi Managed Futures Strategy ETF stock opened at $28.50 on Friday. The firm has a 50 day moving average of $28.68 and a 200 day moving average of $27.36. 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 $2.13 billion, a price-to-earnings ratio of 24.50 and a beta of -0.20.

iMGP DBi Managed Futures Strategy ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th were given a dividend of $1.168 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This is a boost from iMGP DBi Managed Futures Strategy ETF’s previous quarterly dividend of $0.14. This represents a $4.67 dividend on an annualized basis and a dividend yield of 16.4%.

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.