MAI Capital Management Has $1.26 Million Stock Holdings in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

MAI Capital Management increased its position in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 9.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 44,795 shares of the company’s stock after purchasing an additional 3,940 shares during the period. MAI Capital Management’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $1,260,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in DBMF. US Bancorp DE acquired a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the 3rd quarter worth approximately $29,000. Concourse Financial Group Securities Inc. acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF during the third quarter worth $42,000. Matrix Trust Co acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF during the third quarter worth $111,000. Hobbs Group Advisors LLC acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF during the second quarter worth $180,000. Finally, HBW Advisory Services LLC acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF during the second quarter worth $182,000.

iMGP DBi Managed Futures Strategy ETF Stock Performance

Shares of NYSEARCA:DBMF opened at $27.06 on Thursday. The firm has a market cap of $945.21 million, a PE ratio of 24.50 and a beta of 0.04. The firm’s fifty day moving average is $27.58 and its 200-day moving average is $28.56. iMGP DBi Managed Futures Strategy ETF has a 52 week low of $25.60 and a 52 week high of $30.63.

iMGP DBi Managed Futures Strategy ETF Announces Dividend

The company also recently announced a dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 27th were paid a dividend of $0.2507 per share. The ex-dividend date of this dividend was Friday, September 27th.

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.