Modern Wealth Management LLC Invests $227,000 in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Modern Wealth Management LLC acquired a new stake in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 8,515 shares of the company’s stock, valued at approximately $227,000.

Other large investors also recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. boosted its position in iMGP DBi Managed Futures Strategy ETF by 5.4% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 79,508 shares of the company’s stock valued at $2,237,000 after acquiring an additional 4,041 shares in the last quarter. Captrust Financial Advisors lifted its stake in shares of iMGP DBi Managed Futures Strategy ETF by 8.0% during the 3rd quarter. Captrust Financial Advisors now owns 97,199 shares of the company’s stock worth $2,734,000 after purchasing an additional 7,235 shares during the last quarter. Hilltop Holdings Inc. bought a new stake in iMGP DBi Managed Futures Strategy ETF during the third quarter valued at about $2,714,000. HighTower Advisors LLC grew its stake in iMGP DBi Managed Futures Strategy ETF by 22.5% in the third quarter. HighTower Advisors LLC now owns 122,787 shares of the company’s stock valued at $3,459,000 after purchasing an additional 22,588 shares during the last quarter. Finally, Pinnacle Family Advisors LLC raised its holdings in iMGP DBi Managed Futures Strategy ETF by 15.3% in the third quarter. Pinnacle Family Advisors LLC now owns 13,972 shares of the company’s stock worth $393,000 after purchasing an additional 1,849 shares in the last quarter.

iMGP DBi Managed Futures Strategy ETF Stock Down 0.4 %

Shares of iMGP DBi Managed Futures Strategy ETF stock opened at $25.33 on Friday. The company has a market cap of $1.14 billion, a P/E ratio of 24.50 and a beta of -0.15. The firm’s 50 day moving average price is $26.00 and its 200-day moving average price is $26.83. iMGP DBi Managed Futures Strategy ETF has a 52-week low of $24.71 and a 52-week high of $30.63.

iMGP DBi Managed Futures Strategy ETF Cuts Dividend

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