Richmond Investment Services LLC bought a new stake in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF – Free Report) in the first quarter, Holdings Channel reports. The firm bought 17,903 shares of the company’s stock, valued at approximately $540,000.
Several other institutional investors also recently bought and sold shares of the company. Fortitude Family Office LLC boosted its stake in shares of iMGP DBi Managed Futures Strategy ETF by 35.1% in the fourth quarter. Fortitude Family Office LLC now owns 448,656 shares of the company’s stock valued at $12,589,000 after purchasing an additional 116,484 shares during the period. Carrera Capital Advisors purchased a new stake in iMGP DBi Managed Futures Strategy ETF during the 4th quarter worth approximately $5,490,000. FMA Wealth Management LLC acquired a new stake in iMGP DBi Managed Futures Strategy ETF during the 4th quarter worth approximately $6,944,000. Aspiriant LLC acquired a new stake in iMGP DBi Managed Futures Strategy ETF during the 4th quarter worth approximately $3,665,000. Finally, Parcion Private Wealth LLC lifted its holdings in iMGP DBi Managed Futures Strategy ETF by 1.3% during the 4th quarter. Parcion Private Wealth LLC now owns 1,556,637 shares of the company’s stock worth $43,679,000 after buying an additional 19,903 shares in the last quarter.
iMGP DBi Managed Futures Strategy ETF Stock Up 0.4%
Shares of DBMF stock opened at $30.80 on Thursday. The firm has a 50 day moving average of $30.86 and a two-hundred day moving average of $30.26. The stock has a market capitalization of $3.90 billion, a PE ratio of 24.50 and a beta of -0.20. iMGP DBi Managed Futures Strategy ETF has a 52 week low of $25.34 and a 52 week 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.
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