Private Advisor Group LLC Acquires 91,578 Shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Private Advisor Group LLC increased its holdings in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 39.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 321,786 shares of the company’s stock after purchasing an additional 91,578 shares during the period. Private Advisor Group LLC’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $8,418,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DBMF. US Bancorp DE bought a new position in shares of iMGP DBi Managed Futures Strategy ETF during the third quarter valued at approximately $29,000. Kestra Investment Management LLC bought a new position in shares of iMGP DBi Managed Futures Strategy ETF during the fourth quarter valued at approximately $39,000. Stonebridge Financial Group LLC purchased a new stake in iMGP DBi Managed Futures Strategy ETF during the fourth quarter valued at approximately $63,000. New Wave Wealth Advisors LLC purchased a new stake in iMGP DBi Managed Futures Strategy ETF during the fourth quarter valued at approximately $67,000. Finally, Elevation Wealth Partners LLC purchased a new stake in iMGP DBi Managed Futures Strategy ETF during the fourth quarter valued at approximately $120,000.

iMGP DBi Managed Futures Strategy ETF Stock Down 1.1 %

NYSEARCA:DBMF opened at $26.27 on Friday. iMGP DBi Managed Futures Strategy ETF has a 52 week low of $25.98 and a 52 week high of $30.63. The firm has a 50 day moving average of $26.59 and a 200 day moving average of $27.22. The stock has a market capitalization of $917.61 million, a price-to-earnings ratio of 24.50 and a beta of 0.04.

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.