iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Hits New 1-Year Low at $26.43

Shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF – Get Rating) hit a new 52-week low during trading on Monday . The company traded as low as $26.43 and last traded at $26.43, with a volume of 3107 shares traded. The stock had previously closed at $27.32.

iMGP DBi Managed Futures Strategy ETF Stock Up 2.2 %

The firm has a 50-day moving average price of $28.36 and a two-hundred day moving average price of $31.06. The company has a market capitalization of $833.45 million, a P/E ratio of 24.50 and a beta of -0.13.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Harvest Fund Management Co. Ltd acquired a new stake in iMGP DBi Managed Futures Strategy ETF during the fourth quarter worth about $30,000. Wolff Wiese Magana LLC acquired a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the 4th quarter worth approximately $40,000. Carolinas Wealth Consulting LLC acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF in the third quarter valued at $41,000. Capital Asset Advisory Services LLC bought a new position in iMGP DBi Managed Futures Strategy ETF in the second quarter worth $42,000. Finally, Global Retirement Partners LLC increased its holdings in iMGP DBi Managed Futures Strategy ETF by 43,066.7% in the 3rd quarter. Global Retirement Partners LLC now owns 1,295 shares of the company’s stock valued at $44,000 after buying an additional 1,292 shares during the period.

iMGP DBi Managed Futures Strategy ETF Company Profile

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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.