Raymond James Financial Inc. Invests $8.14 Million in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Raymond James Financial Inc. acquired a new stake in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) in the 4th quarter, Holdings Channel reports. The fund acquired 311,334 shares of the company’s stock, valued at approximately $8,144,000.

A number of other institutional investors also recently bought and sold shares of the stock. Cerity Partners LLC purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF in the fourth quarter worth $836,000. Perennial Investment Advisors LLC purchased a new position in iMGP DBi Managed Futures Strategy ETF in the 4th quarter worth $354,000. Wells Fargo & Company MN acquired a new stake in iMGP DBi Managed Futures Strategy ETF during the 4th quarter worth about $17,794,000. JPMorgan Chase & Co. grew its stake in iMGP DBi Managed Futures Strategy ETF by 1,438.0% during the 4th quarter. JPMorgan Chase & Co. now owns 5,669,140 shares of the company’s stock valued at $148,305,000 after purchasing an additional 5,300,530 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC increased its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 16.0% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 26,342 shares of the company’s stock valued at $689,000 after purchasing an additional 3,641 shares during the period.

iMGP DBi Managed Futures Strategy ETF Stock Up 0.7 %

iMGP DBi Managed Futures Strategy ETF stock opened at $25.28 on Wednesday. The stock has a 50-day moving average price of $25.44 and a 200 day moving average price of $26.42. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 24.50 and a beta of -0.15. iMGP DBi Managed Futures Strategy ETF has a 52 week low of $24.52 and a 52 week high of $30.63.

iMGP DBi Managed Futures Strategy ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued a $0.1789 dividend. The ex-dividend date of this dividend was Thursday, March 27th.

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.