IFS Group LLC Purchases New Shares in iMGP DBi Managed Futures Strategy ETF $DBMF

IFS Group LLC purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 18,245 shares of the company’s stock, valued at approximately $550,000.

Other institutional investors have also added to or reduced their stakes in the company. Morgan Stanley grew its position in iMGP DBi Managed Futures Strategy ETF by 1.9% in the 4th quarter. Morgan Stanley now owns 7,845,100 shares of the company’s stock worth $220,134,000 after purchasing an additional 149,909 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of iMGP DBi Managed Futures Strategy ETF by 139,913.0% during the 4th quarter. JPMorgan Chase & Co. now owns 7,374,483 shares of the company’s stock worth $206,928,000 after buying an additional 7,369,216 shares in the last quarter. LPL Financial LLC boosted its stake in shares of iMGP DBi Managed Futures Strategy ETF by 6.7% in the 4th quarter. LPL Financial LLC now owns 5,637,634 shares of the company’s stock worth $158,192,000 after buying an additional 355,157 shares during the last quarter. TIAA Trust National Association purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF in the 4th quarter worth approximately $87,820,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 10.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,167,671 shares of the company’s stock valued at $60,825,000 after acquiring an additional 198,372 shares in the last quarter.

iMGP DBi Managed Futures Strategy ETF Stock Down 0.0%

DBMF stock opened at $31.03 on Thursday. The firm has a market cap of $4.00 billion, a PE ratio of 24.50 and a beta of -0.20. The business has a 50 day moving average of $30.90 and a 200-day moving average of $30.50. iMGP DBi Managed Futures Strategy ETF has a 12-month low of $25.34 and a 12-month high of $31.66.

iMGP DBi Managed Futures Strategy ETF Profile

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.