iMGP DBi Managed Futures Strategy ETF $DBMF Shares Acquired by Potomac Fund Management Inc. ADV

Potomac Fund Management Inc. ADV increased its position in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 4.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 859,178 shares of the company’s stock after purchasing an additional 37,415 shares during the period. iMGP DBi Managed Futures Strategy ETF accounts for approximately 0.9% of Potomac Fund Management Inc. ADV’s portfolio, making the stock its 10th largest position. Potomac Fund Management Inc. ADV’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $24,109,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Morgan Stanley grew its stake in shares of iMGP DBi Managed Futures Strategy ETF by 1.9% during the fourth 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. grew its stake in shares of iMGP DBi Managed Futures Strategy ETF by 139,913.0% during the fourth quarter. JPMorgan Chase & Co. now owns 7,374,483 shares of the company’s stock worth $206,928,000 after purchasing an additional 7,369,216 shares in the last quarter. LPL Financial LLC grew its stake in shares of iMGP DBi Managed Futures Strategy ETF by 6.7% during the fourth quarter. LPL Financial LLC now owns 5,637,634 shares of the company’s stock worth $158,192,000 after purchasing an additional 355,157 shares in the last quarter. TIAA Trust National Association acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF during the fourth quarter worth $87,820,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of iMGP DBi Managed Futures Strategy ETF by 10.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,167,671 shares of the company’s stock worth $60,825,000 after purchasing an additional 198,372 shares in the last quarter.

iMGP DBi Managed Futures Strategy ETF Stock Performance

Shares of DBMF stock opened at $30.82 on Monday. The firm has a fifty day moving average price of $30.76 and a 200 day moving average price of $30.03. The company has a market cap of $3.57 billion, a P/E ratio of 24.50 and a beta of -0.21. 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 Company 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.