AmeriServ Wealth Advisors Makes New $2.17 Million Investment in iMGP DBi Managed Futures Strategy ETF $DBMF

AmeriServ Wealth Advisors bought a new position in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 79,480 shares of the company’s stock, valued at approximately $2,171,000. iMGP DBi Managed Futures Strategy ETF accounts for approximately 1.1% of AmeriServ Wealth Advisors’ investment portfolio, making the stock its 11th largest holding. AmeriServ Wealth Advisors owned 0.12% of iMGP DBi Managed Futures Strategy ETF as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in DBMF. Parcion Private Wealth LLC bought a new position in iMGP DBi Managed Futures Strategy ETF during the 3rd quarter valued at $41,968,000. Raymond James Financial Inc. lifted its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 54.9% in the second quarter. Raymond James Financial Inc. now owns 1,285,564 shares of the company’s stock valued at $33,078,000 after purchasing an additional 455,884 shares in the last quarter. Cardinal Point Capital Management ULC lifted its stake in iMGP DBi Managed Futures Strategy ETF by 3.5% in the 3rd quarter. Cardinal Point Capital Management ULC now owns 1,123,011 shares of the company’s stock worth $31,411,000 after acquiring an additional 38,016 shares in the last quarter. Savant Capital LLC boosted its holdings in shares of 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. Finally, 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 valued at $17,794,000 after buying an additional 18,243 shares during the period.

iMGP DBi Managed Futures Strategy ETF Price Performance

Shares of NYSEARCA DBMF opened at $30.61 on Thursday. The company has a market capitalization of $2.48 billion, a P/E ratio of 24.50 and a beta of -0.20. The business’s 50-day moving average price is $29.64 and its two-hundred day moving average price is $28.48. iMGP DBi Managed Futures Strategy ETF has a one year low of $24.52 and a one year high of $31.66.

iMGP DBi Managed Futures Strategy ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 30th were given a $1.168 dividend. 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 yield of 15.3%. 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.