iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Sees Strong Trading Volume

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) shares saw unusually-high trading volume on Friday . Approximately 578,082 shares traded hands during mid-day trading, an increase of 81% from the previous session’s volume of 319,846 shares.The stock last traded at $30.07 and had previously closed at $29.96.

iMGP DBi Managed Futures Strategy ETF Stock Performance

The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 24.50 and a beta of 0.04. The business has a 50 day simple moving average of $29.61 and a 200-day simple moving average of $28.06.

Institutional Trading of iMGP DBi Managed Futures Strategy ETF

A number of hedge funds and other institutional investors have recently modified their holdings of DBMF. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the 3rd quarter worth $211,000. Mariner LLC grew its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 24.5% during the 3rd quarter. Mariner LLC now owns 44,261 shares of the company’s stock worth $1,279,000 after purchasing an additional 8,703 shares during the period. Gallagher Fiduciary Advisors LLC grew its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 18.1% during the 3rd quarter. Gallagher Fiduciary Advisors LLC now owns 21,132 shares of the company’s stock worth $611,000 after purchasing an additional 3,239 shares during the period. Stapp Wealth Management Pllc grew its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 12.2% during the 3rd quarter. Stapp Wealth Management Pllc now owns 13,622 shares of the company’s stock worth $394,000 after purchasing an additional 1,484 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 2,402.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,074,260 shares of the company’s stock worth $204,446,000 after purchasing an additional 6,791,529 shares during the period.

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.