TIAA Trust National Association Acquires New Stake in iMGP DBi Managed Futures Strategy ETF $DBMF

TIAA Trust National Association acquired a new stake in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) during the fourth quarter, Holdings Channel reports. The firm acquired 3,121,070 shares of the company’s stock, valued at approximately $87,820,000.

Other hedge funds have also made changes to their positions in the company. Fortitude Family Office LLC increased its stake in shares of iMGP DBi Managed Futures Strategy ETF by 35.1% during the fourth quarter. Fortitude Family Office LLC now owns 448,656 shares of the company’s stock valued at $12,589,000 after acquiring an additional 116,484 shares during the period. Carrera Capital Advisors acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF during the fourth quarter valued at approximately $5,490,000. AmeriServ Wealth Advisors acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF during the third quarter valued at approximately $2,171,000. FMA Wealth Management LLC acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF during the fourth quarter valued at approximately $6,944,000. Finally, Aspiriant LLC acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF during the fourth quarter valued at approximately $3,665,000.

iMGP DBi Managed Futures Strategy ETF Stock Performance

Shares of NYSEARCA:DBMF opened at $30.87 on Tuesday. The stock has a market capitalization of $3.57 billion, a price-to-earnings ratio of 24.50 and a beta of -0.21. iMGP DBi Managed Futures Strategy ETF has a 1-year low of $25.26 and a 1-year high of $31.66. The company has a 50 day moving average price of $30.71 and a 200 day moving average price of $29.97.

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.