iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) is Sage Private Wealth Group LLC’s 5th Largest Position

Sage Private Wealth Group LLC grew its position in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 6.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 417,169 shares of the company’s stock after acquiring an additional 24,514 shares during the quarter. iMGP DBi Managed Futures Strategy ETF comprises 8.2% of Sage Private Wealth Group LLC’s investment portfolio, making the stock its 5th biggest position. Sage Private Wealth Group LLC’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $10,913,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. US Bancorp DE bought a new position in shares of iMGP DBi Managed Futures Strategy ETF in the 3rd quarter valued at about $29,000. Concourse Financial Group Securities Inc. bought a new stake in iMGP DBi Managed Futures Strategy ETF during the third quarter worth approximately $42,000. Stonebridge Financial Group LLC purchased a new stake in iMGP DBi Managed Futures Strategy ETF during the fourth quarter valued at approximately $63,000. New Wave Wealth Advisors LLC bought a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the 4th quarter valued at approximately $67,000. Finally, Elevation Wealth Partners LLC purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF in the 4th quarter worth approximately $120,000.

iMGP DBi Managed Futures Strategy ETF Stock Performance

NYSEARCA DBMF opened at $26.72 on Wednesday. The business’s 50 day moving average price is $26.70 and its 200-day moving average price is $27.31. 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 company has a market cap of $933.33 million, a P/E ratio of 24.50 and a beta of 0.04.

iMGP DBi Managed Futures Strategy ETF 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.