Bank of New York Mellon Corp Invests $339,000 in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Bank of New York Mellon Corp bought a new stake in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 12,963 shares of the company’s stock, valued at approximately $339,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Lake Street Private Wealth LLC grew its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 1.7% during the fourth quarter. Lake Street Private Wealth LLC now owns 26,752 shares of the company’s stock worth $700,000 after buying an additional 453 shares in the last quarter. ORG Partners LLC boosted its position in iMGP DBi Managed Futures Strategy ETF by 8.0% during the fourth quarter. ORG Partners LLC now owns 7,684 shares of the company’s stock worth $201,000 after acquiring an additional 570 shares during the last quarter. Kestra Investment Management LLC purchased a new stake in iMGP DBi Managed Futures Strategy ETF in the 4th quarter worth approximately $39,000. Pinnacle Family Advisors LLC grew its stake in iMGP DBi Managed Futures Strategy ETF by 15.3% in the 3rd quarter. Pinnacle Family Advisors LLC now owns 13,972 shares of the company’s stock worth $393,000 after acquiring an additional 1,849 shares during the period. Finally, Stonebridge Financial Group LLC acquired a new position in iMGP DBi Managed Futures Strategy ETF in the 4th quarter valued at $63,000.

iMGP DBi Managed Futures Strategy ETF Stock Down 0.4 %

DBMF stock opened at $25.33 on Friday. The stock has a market capitalization of $1.14 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 $24.71 and a 52-week high of $30.63. The stock’s fifty day simple moving average is $26.00 and its 200-day simple moving average is $26.83.

iMGP DBi Managed Futures Strategy ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be paid a $0.1789 dividend. The ex-dividend date of this dividend is Thursday, March 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.