Professional Financial Advisors LLC raised its stake in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF – Free Report) by 5.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 335,666 shares of the company’s stock after buying an additional 18,746 shares during the quarter. iMGP DBi Managed Futures Strategy ETF comprises approximately 1.8% of Professional Financial Advisors LLC’s holdings, making the stock its 8th largest position. Professional Financial Advisors LLC’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $10,275,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. MBM Wealth Consultants LLC purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF in the first quarter worth $30,000. Capital Advisors Ltd. LLC purchased a new position in iMGP DBi Managed Futures Strategy ETF during the first quarter valued at $34,000. MidAtlantic Capital Management Inc. purchased a new position in iMGP DBi Managed Futures Strategy ETF during the fourth quarter valued at $48,000. LFA Lugano Financial Advisors SA increased its holdings in iMGP DBi Managed Futures Strategy ETF by 50.1% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 3,033 shares of the company’s stock valued at $85,000 after acquiring an additional 1,013 shares during the last quarter. Finally, Lloyd Advisory Services LLC. purchased a new stake in iMGP DBi Managed Futures Strategy ETF in the 4th quarter worth $87,000.
iMGP DBi Managed Futures Strategy ETF Price Performance
DBMF opened at $30.93 on Monday. The firm has a 50-day simple moving average of $30.86 and a two-hundred day simple moving average of $30.60. iMGP DBi Managed Futures Strategy ETF has a 52 week low of $25.67 and a 52 week high of $31.66. The company has a market capitalization of $4.13 billion, a PE 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.
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