FMA Wealth Management LLC Grows Position in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

FMA Wealth Management LLC increased its holdings in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 8.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 229,079 shares of the company’s stock after purchasing an additional 18,563 shares during the quarter. iMGP DBi Managed Futures Strategy ETF accounts for about 4.5% of FMA Wealth Management LLC’s holdings, making the stock its 7th biggest position. FMA Wealth Management LLC’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $5,993,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Private Advisor Group LLC increased its position in iMGP DBi Managed Futures Strategy ETF by 39.8% during the fourth quarter. Private Advisor Group LLC now owns 321,786 shares of the company’s stock worth $8,418,000 after acquiring an additional 91,578 shares during the period. Longview Financial Advisors Inc. increased its holdings in iMGP DBi Managed Futures Strategy ETF by 5.3% in the 4th quarter. Longview Financial Advisors Inc. now owns 128,758 shares of the company’s stock valued at $3,368,000 after buying an additional 6,449 shares during the period. Kestra Investment Management LLC bought a new position in iMGP DBi Managed Futures Strategy ETF in the 4th quarter valued at about $39,000. Truist Financial Corp increased its holdings in iMGP DBi Managed Futures Strategy ETF by 13.9% in the 4th quarter. Truist Financial Corp now owns 312,986 shares of the company’s stock valued at $8,188,000 after buying an additional 38,255 shares during the period. Finally, Sanctuary Advisors LLC increased its holdings in iMGP DBi Managed Futures Strategy ETF by 20.0% in the 4th quarter. Sanctuary Advisors LLC now owns 135,800 shares of the company’s stock valued at $3,591,000 after buying an additional 22,619 shares during the period.

iMGP DBi Managed Futures Strategy ETF Stock Down 0.5 %

DBMF stock opened at $26.70 on Thursday. iMGP DBi Managed Futures Strategy ETF has a 12 month low of $25.98 and a 12 month high of $30.63. The firm has a market cap of $932.63 million, a P/E ratio of 24.50 and a beta of 0.04. The company’s 50-day moving average price is $26.62 and its two-hundred day moving average price is $27.23.

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.