Envestnet Asset Management Inc. Acquires 18,243 Shares of iMGP DBi Managed Futures Strategy ETF $DBMF

Envestnet Asset Management Inc. grew its stake in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 2.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 651,561 shares of the company’s stock after purchasing an additional 18,243 shares during the quarter. Envestnet Asset Management Inc. owned about 1.00% of iMGP DBi Managed Futures Strategy ETF worth $17,794,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC grew its position in shares of iMGP DBi Managed Futures Strategy ETF by 49.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 160,870 shares of the company’s stock worth $4,393,000 after buying an additional 53,394 shares during the period. Canal Capital Management LLC raised its position in shares of iMGP DBi Managed Futures Strategy ETF by 131.7% in the 2nd quarter. Canal Capital Management LLC now owns 92,471 shares of the company’s stock valued at $2,379,000 after acquiring an additional 52,555 shares during the period. Flow Traders U.S. LLC bought a new position in iMGP DBi Managed Futures Strategy ETF during the 2nd quarter worth approximately $755,000. CoreCap Advisors LLC grew its holdings in iMGP DBi Managed Futures Strategy ETF by 24.9% during the third quarter. CoreCap Advisors LLC now owns 161,695 shares of the company’s stock valued at $4,416,000 after purchasing an additional 32,233 shares during the period. Finally, Commonwealth Equity Services LLC increased its stake in iMGP DBi Managed Futures Strategy ETF by 5.5% in the third quarter. Commonwealth Equity Services LLC now owns 526,375 shares of the company’s stock valued at $14,375,000 after purchasing an additional 27,560 shares in the last quarter.

iMGP DBi Managed Futures Strategy ETF Stock Performance

Shares of DBMF opened at $30.38 on Friday. The stock has a 50 day simple moving average of $29.17 and a 200 day simple moving average of $28.01. iMGP DBi Managed Futures Strategy ETF has a 52-week low of $24.52 and a 52-week high of $30.68. The firm has a market capitalization of $2.46 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. Investors of record on Tuesday, December 30th were paid a $1.168 dividend. This is a boost 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 15.4%. The ex-dividend date of this dividend was Tuesday, December 30th.

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.