AmeriServ Wealth Advisors Takes $2.17 Million Position in iMGP DBi Managed Futures Strategy ETF $DBMF

AmeriServ Wealth Advisors bought a new position in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 79,480 shares of the company’s stock, valued at approximately $2,171,000. iMGP DBi Managed Futures Strategy ETF comprises about 1.1% of AmeriServ Wealth Advisors’ investment portfolio, making the stock its 11th biggest holding.

A number of other hedge funds have also made changes to their positions in the company. Inspire Advisors LLC bought a new position in iMGP DBi Managed Futures Strategy ETF in the 2nd quarter valued at $207,000. Worth Asset Management LLC acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF during the third quarter valued at $226,000. EverSource Wealth Advisors LLC raised its holdings in iMGP DBi Managed Futures Strategy ETF by 29.5% during the 3rd 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 during the last quarter. L2 Asset Management LLC acquired a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the 2nd quarter worth approximately $246,000. Finally, Two Sigma Securities LLC acquired a new stake in iMGP DBi Managed Futures Strategy ETF during the 2nd quarter worth $266,000.

iMGP DBi Managed Futures Strategy ETF Trading Up 1.0%

NYSEARCA DBMF opened at $30.61 on Thursday. iMGP DBi Managed Futures Strategy ETF has a 12 month low of $24.52 and a 12 month high of $31.66. The stock has a 50-day simple moving average of $29.64 and a 200 day simple moving average of $28.48. The company has a market capitalization of $2.48 billion, a PE ratio of 24.50 and a beta of -0.20.

iMGP DBi Managed Futures Strategy ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were paid a dividend of $1.168 per share. This represents a $4.67 annualized dividend and a yield of 15.3%. The ex-dividend date of this dividend was Tuesday, December 30th. This is a positive change 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.