US Bancorp DE Invests $29,000 in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

US Bancorp DE purchased a new stake in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) during the third quarter, Holdings Channel.com reports. The firm purchased 1,039 shares of the company’s stock, valued at approximately $29,000.

Other hedge funds have also made changes to their positions in the company. Concourse Financial Group Securities Inc. purchased a new position in iMGP DBi Managed Futures Strategy ETF during the 3rd quarter worth approximately $42,000. Matrix Trust Co acquired a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the third quarter worth $111,000. Hobbs Group Advisors LLC purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF during the second quarter valued at $180,000. HBW Advisory Services LLC purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF during the second quarter valued at $182,000. Finally, Brighton Jones LLC acquired a new position in iMGP DBi Managed Futures Strategy ETF during the second quarter valued at $220,000.

iMGP DBi Managed Futures Strategy ETF Stock Performance

Shares of DBMF opened at $26.96 on Tuesday. The company has a market capitalization of $941.71 million, a PE ratio of 24.50 and a beta of 0.04. The company’s 50 day moving average price is $27.61 and its 200 day moving average price is $28.59. 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 business also recently declared a dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 27th were issued a dividend of $0.2507 per share. The ex-dividend date was Friday, September 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.