Octavia Wealth Advisors LLC Takes Position in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Octavia Wealth Advisors LLC acquired a new stake in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 8,358 shares of the company’s stock, valued at approximately $211,000.

Other hedge funds also recently modified their holdings of the company. Kestra Investment Management LLC bought a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the 4th quarter valued at $39,000. Transce3nd LLC acquired a new stake in iMGP DBi Managed Futures Strategy ETF in the 4th quarter valued at $49,000. Stonebridge Financial Group LLC acquired a new stake in iMGP DBi Managed Futures Strategy ETF in the 4th quarter valued at $63,000. Comerica Bank grew its position in iMGP DBi Managed Futures Strategy ETF by 140.4% in the 4th quarter. Comerica Bank now owns 3,674 shares of the company’s stock valued at $96,000 after purchasing an additional 2,146 shares during the period. Finally, Elevation Wealth Partners LLC acquired a new stake in iMGP DBi Managed Futures Strategy ETF in the 4th quarter valued at $120,000.

iMGP DBi Managed Futures Strategy ETF Trading Up 0.0%

NYSEARCA DBMF opened at $25.32 on Tuesday. The company has a fifty day simple moving average of $25.17 and a 200 day simple moving average of $25.94. iMGP DBi Managed Futures Strategy ETF has a 12-month low of $24.52 and a 12-month high of $30.63. The company has a market cap of $1.19 billion, a P/E ratio of 24.50 and a beta of -0.17.

iMGP DBi Managed Futures Strategy ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a $0.1789 dividend. The ex-dividend date was Thursday, March 27th.

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.