Optivise Advisory Services LLC Takes $2.23 Million Position in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Optivise Advisory Services LLC bought a new position in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 79,434 shares of the company’s stock, valued at approximately $2,234,000. iMGP DBi Managed Futures Strategy ETF accounts for about 1.2% of Optivise Advisory Services LLC’s portfolio, making the stock its 18th biggest holding.

Other large investors have also recently bought and sold shares of the company. US Bancorp DE acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF in the 3rd quarter valued at $29,000. Concourse Financial Group Securities Inc. acquired a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the third quarter valued at approximately $42,000. Matrix Trust Co acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF during the third quarter valued at $111,000. Hobbs Group Advisors LLC bought a new position in shares of iMGP DBi Managed Futures Strategy ETF in the 2nd quarter valued at about $180,000. Finally, HBW Advisory Services LLC acquired a new stake in iMGP DBi Managed Futures Strategy ETF during the 2nd quarter worth $182,000.

iMGP DBi Managed Futures Strategy ETF Price Performance

Shares of NYSEARCA:DBMF opened at $27.25 on Friday. The firm’s 50 day simple moving average is $27.53 and its 200 day simple moving average is $28.53. The company has a market capitalization of $951.84 million, a price-to-earnings ratio of 24.50 and a beta of 0.04. iMGP DBi Managed Futures Strategy ETF has a fifty-two week low of $25.60 and a fifty-two week high of $30.63.

iMGP DBi Managed Futures Strategy ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 27th were issued a dividend of $0.2507 per share. The ex-dividend date was Friday, September 27th.

iMGP DBi Managed Futures Strategy ETF Company 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.