Money Concepts Capital Corp acquired a new stake in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF – Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 46,356 shares of the company’s stock, valued at approximately $1,398,000.
Other hedge funds also recently added to or reduced their stakes in the company. MBM Wealth Consultants LLC purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF in the 1st quarter valued at approximately $30,000. Capital Advisors Ltd. LLC purchased a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the first quarter worth approximately $34,000. MidAtlantic Capital Management Inc. acquired a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the fourth quarter worth $48,000. LFA Lugano Financial Advisors SA lifted its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 50.1% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 3,033 shares of the company’s stock worth $85,000 after purchasing an additional 1,013 shares during the period. Finally, Lloyd Advisory Services LLC. acquired a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the fourth quarter worth $87,000.
iMGP DBi Managed Futures Strategy ETF Stock Up 0.1%
NYSEARCA:DBMF traded up $0.04 during midday trading on Friday, reaching $30.80. The stock had a trading volume of 835,795 shares, compared to its average volume of 1,505,184. The stock has a market cap of $3.81 billion, a P/E ratio of 24.50 and a beta of -0.20. The firm has a fifty day simple moving average of $30.85 and a two-hundred day simple moving average of $30.27. iMGP DBi Managed Futures Strategy ETF has a 12-month low of $25.34 and a 12-month high of $31.66.
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.
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