Summit Wealth & Retirement Planning Inc. Has $14.44 Million Position in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Summit Wealth & Retirement Planning Inc. lessened its stake in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 16.9% during the 4th quarter, Holdings Channel reports. The fund owned 552,124 shares of the company’s stock after selling 112,590 shares during the period. iMGP DBi Managed Futures Strategy ETF comprises approximately 4.5% of Summit Wealth & Retirement Planning Inc.’s holdings, making the stock its 7th largest position. Summit Wealth & Retirement Planning Inc.’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $14,444,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the stock. AQR Capital Management LLC lifted its position in iMGP DBi Managed Futures Strategy ETF by 13.1% during the second quarter. AQR Capital Management LLC now owns 19,786 shares of the company’s stock valued at $595,000 after acquiring an additional 2,296 shares during the last quarter. Brookstone Capital Management grew its stake in iMGP DBi Managed Futures Strategy ETF by 11.3% during the 3rd quarter. Brookstone Capital Management now owns 13,087 shares of the company’s stock worth $368,000 after buying an additional 1,325 shares during the last quarter. Concourse Financial Group Securities Inc. acquired a new position in iMGP DBi Managed Futures Strategy ETF during the 3rd quarter valued at about $42,000. ORG Wealth Partners LLC purchased a new stake in iMGP DBi Managed Futures Strategy ETF in the third quarter valued at about $648,000. Finally, FMA Wealth Management LLC acquired a new stake in iMGP DBi Managed Futures Strategy ETF in the third quarter worth about $5,922,000.

iMGP DBi Managed Futures Strategy ETF Stock Performance

Shares of DBMF stock opened at $26.47 on Friday. iMGP DBi Managed Futures Strategy ETF has a fifty-two week low of $25.98 and a fifty-two week high of $30.63. The firm has a market capitalization of $924.60 million, a price-to-earnings ratio of 24.50 and a beta of 0.04. The stock’s 50-day simple moving average is $26.71 and its 200-day simple moving average is $27.36.

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.