iMGP DBi Managed Futures Strategy ETF $DBMF Shares Acquired by Austin Wealth Management LLC

Austin Wealth Management LLC increased its stake in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 9.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 610,122 shares of the company’s stock after acquiring an additional 50,363 shares during the period. iMGP DBi Managed Futures Strategy ETF comprises approximately 2.7% of Austin Wealth Management LLC’s investment portfolio, making the stock its 10th largest holding. Austin Wealth Management LLC owned 0.93% of iMGP DBi Managed Futures Strategy ETF worth $17,297,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. 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. grew its holdings in iMGP DBi Managed Futures Strategy ETF by 54.9% during the second quarter. Raymond James Financial Inc. now owns 1,285,564 shares of the company’s stock worth $33,078,000 after purchasing an additional 455,884 shares during the period. Savant Capital LLC grew its holdings in iMGP DBi Managed Futures Strategy ETF by 37.3% during the third quarter. Savant Capital LLC now owns 967,384 shares of the company’s stock worth $26,419,000 after purchasing an additional 262,849 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of iMGP DBi Managed Futures Strategy ETF by 2.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 651,561 shares of the company’s stock worth $17,794,000 after acquiring an additional 18,243 shares during the period. Finally, Summit Wealth & Retirement Planning Inc. boosted its stake in shares of iMGP DBi Managed Futures Strategy ETF by 0.6% during the 3rd quarter. Summit Wealth & Retirement Planning Inc. now owns 589,581 shares of the company’s stock worth $16,101,000 after acquiring an additional 3,682 shares during the period.

iMGP DBi Managed Futures Strategy ETF Trading Up 3.3%

DBMF opened at $30.16 on Friday. The stock’s fifty day simple moving average is $29.00 and its 200 day simple moving average is $27.85. iMGP DBi Managed Futures Strategy ETF has a 1-year low of $24.52 and a 1-year high of $30.51. The stock has a market cap of $2.44 billion, a PE ratio of 24.50 and a beta of -0.20.

iMGP DBi Managed Futures Strategy ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th were given a $1.168 dividend. The ex-dividend date of this dividend was Tuesday, December 30th. This is a positive change from iMGP DBi Managed Futures Strategy ETF’s previous quarterly dividend of $0.14. This represents a $4.67 annualized dividend and a dividend yield of 15.5%.

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.