Prentice Wealth Management LLC Makes New Investment in iMGP DBi Managed Futures Strategy ETF $DBMF

Prentice Wealth Management LLC bought a new stake in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 435,694 shares of the company’s stock, valued at approximately $13,136,000. iMGP DBi Managed Futures Strategy ETF comprises approximately 3.0% of Prentice Wealth Management LLC’s investment portfolio, making the stock its 11th largest holding. Prentice Wealth Management LLC owned about 0.38% of iMGP DBi Managed Futures Strategy ETF at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Capital Advisors Ltd. LLC purchased a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the 1st quarter worth about $34,000. MidAtlantic Capital Management Inc. purchased a new position in iMGP DBi Managed Futures Strategy ETF during the 4th quarter valued at about $48,000. LFA Lugano Financial Advisors SA raised its position in iMGP DBi Managed Futures Strategy ETF by 50.1% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 3,033 shares of the company’s stock worth $85,000 after acquiring an additional 1,013 shares during the last quarter. Lloyd Advisory Services LLC. acquired a new position in iMGP DBi Managed Futures Strategy ETF during the fourth quarter worth about $87,000. Finally, Advisory Services Network LLC purchased a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the third quarter valued at about $152,000.

iMGP DBi Managed Futures Strategy ETF Price Performance

Shares of NYSEARCA DBMF opened at $30.57 on Wednesday. The firm’s 50-day moving average is $30.82 and its two-hundred day moving average is $30.13. The company has a market capitalization of $3.54 billion, a PE ratio of 24.50 and a beta of -0.21. iMGP DBi Managed Futures Strategy ETF has a 12-month low of $25.34 and a 12-month high of $31.66.

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.