Entrewealth LLC Invests $1.63 Million in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Entrewealth LLC acquired a new stake in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 57,953 shares of the company’s stock, valued at approximately $1,632,000. iMGP DBi Managed Futures Strategy ETF makes up about 1.5% of Entrewealth LLC’s portfolio, making the stock its 19th biggest holding. Entrewealth LLC owned 0.17% of iMGP DBi Managed Futures Strategy ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DBMF. Parcion Private Wealth LLC acquired a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the 4th quarter valued at about $31,817,000. Litman Gregory Wealth Management LLC grew its holdings in shares of 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 worth $38,846,000 after buying an additional 498,845 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in iMGP DBi Managed Futures Strategy ETF by 145.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 567,703 shares of the company’s stock valued at $14,851,000 after acquiring an additional 336,869 shares in the last quarter. Raymond James Financial Inc. acquired a new position in iMGP DBi Managed Futures Strategy ETF during the 4th quarter worth approximately $8,144,000. Finally, Rainey & Randall Wealth Advisors Inc. grew its stake in shares of iMGP DBi Managed Futures Strategy ETF by 912.7% during the 4th quarter. Rainey & Randall Wealth Advisors Inc. now owns 320,309 shares of the company’s stock worth $8,379,000 after acquiring an additional 288,680 shares in the last quarter.

iMGP DBi Managed Futures Strategy ETF Stock Up 0.4 %

Shares of DBMF stock opened at $25.45 on Tuesday. iMGP DBi Managed Futures Strategy ETF has a 12 month low of $24.71 and a 12 month high of $30.63. The company’s fifty day simple moving average is $26.21 and its 200-day simple moving average is $26.96. The firm has a market cap of $1.14 billion, a PE ratio of 24.50 and a beta of -0.15.

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.