Burt Wealth Advisors Has $1.18 Million Position in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Burt Wealth Advisors increased its holdings in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 76.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 45,192 shares of the company’s stock after purchasing an additional 19,591 shares during the period. Burt Wealth Advisors owned approximately 0.13% of iMGP DBi Managed Futures Strategy ETF worth $1,182,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Litman Gregory Wealth Management LLC increased its stake in iMGP DBi Managed Futures Strategy ETF by 50.6% during the fourth quarter. Litman Gregory Wealth Management LLC now owns 1,484,932 shares of the company’s stock valued at $38,846,000 after acquiring an additional 498,845 shares during the period. Parcion Private Wealth LLC acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF in the fourth quarter valued at $31,817,000. Cardinal Point Capital Management ULC raised its stake in shares of iMGP DBi Managed Futures Strategy ETF by 2.4% in the fourth quarter. Cardinal Point Capital Management ULC now owns 1,063,256 shares of the company’s stock valued at $27,815,000 after purchasing an additional 25,421 shares in the last quarter. Summit Wealth & Retirement Planning Inc. lifted its position in iMGP DBi Managed Futures Strategy ETF by 3.3% in the third quarter. Summit Wealth & Retirement Planning Inc. now owns 664,714 shares of the company’s stock worth $18,698,000 after purchasing an additional 21,385 shares during the period. Finally, OneDigital Investment Advisors LLC increased its holdings in iMGP DBi Managed Futures Strategy ETF by 46.4% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 634,210 shares of the company’s stock valued at $17,840,000 after buying an additional 200,877 shares during the period.

iMGP DBi Managed Futures Strategy ETF Stock Down 0.7 %

Shares of DBMF opened at $25.69 on Tuesday. The company has a 50-day moving average price of $26.45 and a two-hundred day moving average price of $27.15. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 24.50 and a beta of -0.15. iMGP DBi Managed Futures Strategy ETF has a 12 month low of $25.60 and a 12 month high of $30.63.

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.