FMA Wealth Management LLC Invests $6.94 Million in iMGP DBi Managed Futures Strategy ETF $DBMF

FMA Wealth Management LLC purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 247,483 shares of the company’s stock, valued at approximately $6,944,000. iMGP DBi Managed Futures Strategy ETF comprises about 4.5% of FMA Wealth Management LLC’s holdings, making the stock its 7th largest holding.

Other large investors have also bought and sold shares of the company. Focus Financial Network Inc. boosted its stake in iMGP DBi Managed Futures Strategy ETF by 16.8% in the fourth quarter. Focus Financial Network Inc. now owns 11,816 shares of the company’s stock valued at $332,000 after acquiring an additional 1,701 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of iMGP DBi Managed Futures Strategy ETF by 14.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 34,018 shares of the company’s stock valued at $967,000 after purchasing an additional 4,350 shares during the period. Fermata Advisors LLC grew its stake in shares of iMGP DBi Managed Futures Strategy ETF by 33.9% during the fourth quarter. Fermata Advisors LLC now owns 179,200 shares of the company’s stock worth $5,028,000 after purchasing an additional 45,373 shares during the period. Innova Wealth Partners increased its holdings in iMGP DBi Managed Futures Strategy ETF by 1,178.7% in the fourth quarter. Innova Wealth Partners now owns 428,563 shares of the company’s stock valued at $12,025,000 after purchasing an additional 395,047 shares during the last quarter. Finally, City Center Advisors LLC boosted its holdings in iMGP DBi Managed Futures Strategy ETF by 21.1% during the fourth quarter. City Center Advisors LLC now owns 29,712 shares of the company’s stock worth $834,000 after buying an additional 5,185 shares during the last quarter.

iMGP DBi Managed Futures Strategy ETF Trading Down 0.2%

iMGP DBi Managed Futures Strategy ETF stock opened at $29.86 on Friday. The firm has a market capitalization of $2.42 billion, a P/E ratio of 24.50 and a beta of -0.20. The business has a 50-day moving average of $30.22 and a 200-day moving average of $28.95. iMGP DBi Managed Futures Strategy ETF has a 1 year low of $24.52 and a 1 year high of $31.66.

iMGP DBi Managed Futures Strategy ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 30th were paid a $1.168 dividend. The ex-dividend date of this dividend was Tuesday, December 30th. This is a boost from iMGP DBi Managed Futures Strategy ETF’s previous quarterly dividend of $0.14. This represents a $4.67 annualized dividend and a yield of 15.6%.

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.