iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Sees Large Volume Increase – Still a Buy?

iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) saw an uptick in trading volume on Wednesday . 3,648,918 shares changed hands during trading, an increase of 535% from the previous session’s volume of 574,357 shares.The stock last traded at $26.46 and had previously closed at $26.33.

iMGP DBi Managed Futures Strategy ETF Stock Up 0.6 %

The company has a market cap of $925.30 million, a PE ratio of 24.50 and a beta of 0.04. The company has a 50-day moving average of $26.97 and a 200-day moving average of $27.91.

Hedge Funds Weigh In On iMGP DBi Managed Futures Strategy ETF

Several hedge funds have recently modified their holdings of DBMF. Innova Wealth Partners bought a new position in shares of iMGP DBi Managed Futures Strategy ETF during the 4th quarter valued at approximately $3,125,000. Sanctuary Advisors LLC purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF during the 3rd quarter valued at $3,084,000. Empire Financial Management Company LLC grew its stake in shares of iMGP DBi Managed Futures Strategy ETF by 1.6% during the 3rd quarter. Empire Financial Management Company LLC now owns 199,589 shares of the company’s stock worth $5,614,000 after acquiring an additional 3,132 shares during the period. MML Investors Services LLC increased its holdings in iMGP DBi Managed Futures Strategy ETF by 118.5% in the 3rd quarter. MML Investors Services LLC now owns 202,782 shares of the company’s stock worth $5,704,000 after acquiring an additional 109,985 shares during the last quarter. Finally, Stifel Financial Corp raised its stake in iMGP DBi Managed Futures Strategy ETF by 12.1% in the 3rd quarter. Stifel Financial Corp now owns 34,056 shares of the company’s stock valued at $958,000 after acquiring an additional 3,670 shares during the period.

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.