Austin Wealth Management LLC Acquires 72,577 Shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Austin Wealth Management LLC increased its position in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 29.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 319,838 shares of the company’s stock after purchasing an additional 72,577 shares during the quarter. iMGP DBi Managed Futures Strategy ETF makes up 2.0% of Austin Wealth Management LLC’s portfolio, making the stock its 16th largest holding. Austin Wealth Management LLC owned approximately 0.92% of iMGP DBi Managed Futures Strategy ETF worth $8,917,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Concourse Financial Group Securities Inc. bought a new position in iMGP DBi Managed Futures Strategy ETF in the third quarter worth $42,000. Matrix Trust Co bought a new position in iMGP DBi Managed Futures Strategy ETF during the third quarter worth about $111,000. Hobbs Group Advisors LLC bought a new position in iMGP DBi Managed Futures Strategy ETF during the second quarter worth about $180,000. HBW Advisory Services LLC bought a new position in iMGP DBi Managed Futures Strategy ETF during the second quarter worth about $182,000. Finally, Brighton Jones LLC bought a new position in shares of iMGP DBi Managed Futures Strategy ETF during the 2nd quarter valued at about $220,000.

iMGP DBi Managed Futures Strategy ETF Trading Down 0.6 %

Shares of NYSEARCA:DBMF traded down $0.17 during trading on Thursday, hitting $27.02. 64,634 shares of the company’s stock traded hands, compared to its average volume of 337,579. iMGP DBi Managed Futures Strategy ETF has a 52 week low of $25.60 and a 52 week high of $30.63. The company has a market cap of $943.81 million, a price-to-earnings ratio of 24.50 and a beta of 0.04. The company has a 50-day moving average price of $27.81 and a 200-day moving average price of $28.81.

iMGP DBi Managed Futures Strategy ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 27th were paid a $0.2507 dividend. 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.