FMA Wealth Management LLC Invests $6.94 Million in iMGP DBi Managed Futures Strategy ETF $DBMF

FMA Wealth Management LLC bought a new stake in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 247,483 shares of the company’s stock, valued at approximately $6,944,000. iMGP DBi Managed Futures Strategy ETF comprises approximately 4.5% of FMA Wealth Management LLC’s portfolio, making the stock its 7th largest holding. FMA Wealth Management LLC owned 0.33% of iMGP DBi Managed Futures Strategy ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Advisory Services Network LLC acquired a new stake in iMGP DBi Managed Futures Strategy ETF during the 3rd quarter valued at $152,000. Worth Asset Management LLC acquired a new position in iMGP DBi Managed Futures Strategy ETF in the third quarter worth $226,000. EverSource Wealth Advisors LLC boosted its stake in iMGP DBi Managed Futures Strategy ETF by 29.5% in the third quarter. EverSource Wealth Advisors LLC now owns 8,977 shares of the company’s stock worth $245,000 after purchasing an additional 2,047 shares in the last quarter. L2 Asset Management LLC bought a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the second quarter worth $246,000. Finally, Two Sigma Securities LLC bought a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the second quarter worth $266,000.

iMGP DBi Managed Futures Strategy ETF Stock Performance

Shares of NYSEARCA:DBMF opened at $29.86 on Friday. The business has a fifty day moving average of $30.22 and a 200-day moving average of $28.95. iMGP DBi Managed Futures Strategy ETF has a twelve month low of $24.52 and a twelve month high of $31.66. The firm has a market cap of $2.42 billion, a PE ratio of 24.50 and a beta of -0.20.

iMGP DBi Managed Futures Strategy ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 30th were given a $1.168 dividend. This represents a $4.67 annualized dividend and a yield of 15.6%. The ex-dividend date was Tuesday, December 30th. This is a boost from iMGP DBi Managed Futures Strategy ETF’s previous quarterly dividend of $0.14.

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.