Renaissance Technologies LLC Makes New $1.44 Million Investment in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Renaissance Technologies LLC acquired a new stake in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 47,976 shares of the company’s stock, valued at approximately $1,442,000. Renaissance Technologies LLC owned about 0.14% of iMGP DBi Managed Futures Strategy ETF at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in DBMF. Cetera Advisor Networks LLC raised its stake in iMGP DBi Managed Futures Strategy ETF by 33.4% in the fourth quarter. Cetera Advisor Networks LLC now owns 187,403 shares of the company’s stock valued at $4,827,000 after buying an additional 46,912 shares during the last quarter. Visionary Wealth Advisors boosted its stake in iMGP DBi Managed Futures Strategy ETF by 6.2% in the 4th quarter. Visionary Wealth Advisors now owns 23,595 shares of the company’s stock worth $608,000 after purchasing an additional 1,384 shares in the last quarter. Austin Wealth Management LLC grew its position in iMGP DBi Managed Futures Strategy ETF by 176.2% during the 4th quarter. Austin Wealth Management LLC now owns 193,095 shares of the company’s stock worth $5,204,000 after purchasing an additional 123,182 shares during the last quarter. Creekmur Asset Management LLC acquired a new position in iMGP DBi Managed Futures Strategy ETF during the 4th quarter valued at approximately $1,597,000. Finally, Fairman Group LLC purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF in the fourth quarter worth $39,000.

iMGP DBi Managed Futures Strategy ETF Price Performance

Shares of DBMF opened at $27.78 on Friday. The company’s fifty day moving average price is $27.94 and its 200-day moving average price is $28.97. iMGP DBi Managed Futures Strategy ETF has a 1-year low of $25.60 and a 1-year high of $30.63. The firm has a market capitalization of $970.36 million, a PE ratio of 24.50 and a beta of 0.04.

iMGP DBi Managed Futures Strategy ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 27th were issued a $0.2507 dividend. The ex-dividend date of this dividend was Friday, September 27th.

iMGP DBi Managed Futures Strategy ETF 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.