iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Sets New 52-Week High at $29.28

Shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) hit a new 52-week high during trading on Monday . The stock traded as high as $29.28 and last traded at $29.28, with a volume of 173 shares changing hands. The stock had previously closed at $28.96.

iMGP DBi Managed Futures Strategy ETF Price Performance

The company’s 50 day simple moving average is $27.61 and its 200 day simple moving average is $27.49. The firm has a market cap of $738.80 million, a price-to-earnings ratio of 24.50 and a beta of -0.14.

Institutional Investors Weigh In On iMGP DBi Managed Futures Strategy ETF

A number of hedge funds have recently bought and sold shares of DBMF. Fairman Group LLC purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF in the 4th quarter valued at about $39,000. Creekmur Asset Management LLC acquired a new stake in iMGP DBi Managed Futures Strategy ETF in the fourth quarter valued at approximately $1,597,000. Goldman Sachs Group Inc. purchased a new position in iMGP DBi Managed Futures Strategy ETF in the fourth quarter worth approximately $565,000. Austin Wealth Management LLC grew its holdings in iMGP DBi Managed Futures Strategy ETF by 176.2% during the 4th quarter. Austin Wealth Management LLC now owns 193,095 shares of the company’s stock worth $5,204,000 after acquiring an additional 123,182 shares in the last quarter. Finally, Visionary Wealth Advisors increased its position in shares of iMGP DBi Managed Futures Strategy ETF by 6.2% in the 4th quarter. Visionary Wealth Advisors now owns 23,595 shares of the company’s stock valued at $608,000 after purchasing an additional 1,384 shares during the last quarter.

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.