Drive Wealth Management LLC Invests $262,000 in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Drive Wealth Management LLC acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 10,000 shares of the company’s stock, valued at approximately $262,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. CWM LLC lifted its stake in shares of iMGP DBi Managed Futures Strategy ETF by 43.0% during the third quarter. CWM LLC now owns 2,028,633 shares of the company’s stock worth $57,065,000 after buying an additional 610,397 shares during the period. Naviter Wealth LLC lifted its stake in shares of iMGP DBi Managed Futures Strategy ETF by 3.0% during the third quarter. Naviter Wealth LLC now owns 1,684,500 shares of the company’s stock worth $47,385,000 after buying an additional 48,446 shares during the period. Cardinal Point Capital Management ULC lifted its stake in shares of iMGP DBi Managed Futures Strategy ETF by 2.4% during the fourth quarter. Cardinal Point Capital Management ULC now owns 1,063,256 shares of the company’s stock worth $27,815,000 after buying an additional 25,421 shares during the period. Goldstein Advisors LLC lifted its stake in shares of iMGP DBi Managed Futures Strategy ETF by 3.2% during the third quarter. Goldstein Advisors LLC now owns 1,037,861 shares of the company’s stock worth $29,195,000 after buying an additional 31,789 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of iMGP DBi Managed Futures Strategy ETF by 9.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,006,012 shares of the company’s stock worth $30,241,000 after buying an additional 90,123 shares during the period.

iMGP DBi Managed Futures Strategy ETF Trading Down 0.7 %

NYSEARCA:DBMF opened at $26.20 on Tuesday. The company has a market capitalization of $915.17 million, a P/E ratio of 24.50 and a beta of 0.04. The firm has a fifty day simple moving average of $26.86 and a 200-day simple moving average of $27.57. iMGP DBi Managed Futures Strategy ETF has a 12 month low of $25.98 and a 12 month high of $30.63.

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.