City Center Advisors LLC Purchases 6,955 Shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

City Center Advisors LLC boosted its position in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 26.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 33,436 shares of the company’s stock after buying an additional 6,955 shares during the quarter. iMGP DBi Managed Futures Strategy ETF comprises 1.0% of City Center Advisors LLC’s investment portfolio, making the stock its 18th largest holding. City Center Advisors LLC’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $875,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its position in iMGP DBi Managed Futures Strategy ETF by 6.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,895,164 shares of the company’s stock valued at $56,969,000 after purchasing an additional 109,823 shares during the period. Renaissance Technologies LLC bought a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the second quarter worth approximately $1,442,000. Brighton Jones LLC acquired a new position in iMGP DBi Managed Futures Strategy ETF in the second quarter valued at approximately $220,000. AQR Capital Management LLC boosted its stake in iMGP DBi Managed Futures Strategy ETF by 13.1% in 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. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in iMGP DBi Managed Futures Strategy ETF by 9.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,006,012 shares of the company’s stock worth $30,241,000 after acquiring an additional 90,123 shares during the period.

iMGP DBi Managed Futures Strategy ETF Stock Performance

Shares of iMGP DBi Managed Futures Strategy ETF stock opened at $26.77 on Monday. The firm has a fifty day moving average of $26.94 and a two-hundred day moving average of $27.84. The stock has a market capitalization of $935.08 million, a price-to-earnings ratio of 24.50 and a beta of 0.04. iMGP DBi Managed Futures Strategy ETF has a 52 week low of $25.98 and a 52 week high of $30.63.

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.