Janney Montgomery Scott LLC Buys Shares of 68,054 iMGP DBi Managed Futures Strategy ETF $DBMF

Janney Montgomery Scott LLC purchased a new position in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) in the first quarter, HoldingsChannel reports. The institutional investor purchased 68,054 shares of the company’s stock, valued at approximately $2,052,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. JPMorgan Chase & Co. raised its position in shares of iMGP DBi Managed Futures Strategy ETF by 3.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 248,279 shares of the company’s stock valued at $6,388,000 after buying an additional 8,963 shares in the last quarter. Raymond James Financial Inc. raised its position in iMGP DBi Managed Futures Strategy ETF by 54.9% during the second quarter. Raymond James Financial Inc. now owns 1,285,564 shares of the company’s stock valued at $33,078,000 after purchasing an additional 455,884 shares in the last quarter. Bank of America Corp DE raised its position in iMGP DBi Managed Futures Strategy ETF by 4.0% during the second quarter. Bank of America Corp DE now owns 33,263 shares of the company’s stock valued at $856,000 after purchasing an additional 1,277 shares in the last quarter. MML Investors Services LLC raised its position in iMGP DBi Managed Futures Strategy ETF by 4.7% during the second quarter. MML Investors Services LLC now owns 66,849 shares of the company’s stock valued at $1,720,000 after purchasing an additional 2,998 shares in the last quarter. Finally, Tidal Investments LLC lifted its stake in iMGP DBi Managed Futures Strategy ETF by 140.7% during the second quarter. Tidal Investments LLC now owns 339,077 shares of the company’s stock worth $8,724,000 after purchasing an additional 198,219 shares during the last quarter.

iMGP DBi Managed Futures Strategy ETF Trading Down 0.1%

DBMF opened at $30.76 on Friday. The stock has a 50-day moving average price of $30.86 and a 200-day moving average price of $30.27. iMGP DBi Managed Futures Strategy ETF has a 12-month low of $25.34 and a 12-month high of $31.66. The stock has a market capitalization of $3.89 billion, a P/E ratio of 24.50 and a beta of -0.20.

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.