iMGP DBi Managed Futures Strategy ETF $DBMF Shares Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. boosted its position in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 47.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,973,666 shares of the company’s stock after purchasing an additional 638,360 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 4.38% of iMGP DBi Managed Futures Strategy ETF worth $49,855,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. TriaGen Wealth Management LLC lifted its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 30.1% in the first quarter. TriaGen Wealth Management LLC now owns 79,103 shares of the company’s stock valued at $1,998,000 after buying an additional 18,307 shares during the period. Raymond James Financial Inc. boosted its position in shares of iMGP DBi Managed Futures Strategy ETF by 166.5% during the 1st quarter. Raymond James Financial Inc. now owns 829,680 shares of the company’s stock valued at $20,958,000 after purchasing an additional 518,346 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of iMGP DBi Managed Futures Strategy ETF by 2.8% during the 1st quarter. HighTower Advisors LLC now owns 146,742 shares of the company’s stock valued at $3,707,000 after purchasing an additional 4,031 shares in the last quarter. Savvy Advisors Inc. raised its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 14.7% in the 1st quarter. Savvy Advisors Inc. now owns 38,617 shares of the company’s stock worth $975,000 after purchasing an additional 4,955 shares in the last quarter. Finally, National Bank of Canada FI raised its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 6.8% in the 1st quarter. National Bank of Canada FI now owns 36,444 shares of the company’s stock worth $920,000 after purchasing an additional 2,328 shares in the last quarter.

iMGP DBi Managed Futures Strategy ETF Price Performance

DBMF stock opened at $26.16 on Friday. iMGP DBi Managed Futures Strategy ETF has a 12 month low of $24.52 and a 12 month high of $28.55. The firm has a market cap of $1.20 billion, a PE ratio of 24.50 and a beta of -0.14. The firm has a 50 day simple moving average of $25.77 and a 200 day simple moving average of $25.56.

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.