New Wave Wealth Advisors LLC Makes New Investment in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

New Wave Wealth Advisors LLC bought a new stake in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 2,564 shares of the company’s stock, valued at approximately $67,000.

A number of other institutional investors have also recently made changes to their positions in the business. CWM LLC raised its position in iMGP DBi Managed Futures Strategy ETF by 43.0% during the third quarter. CWM LLC now owns 2,028,633 shares of the company’s stock valued at $57,065,000 after purchasing an additional 610,397 shares during the period. Fortitude Family Office LLC purchased a new stake in iMGP DBi Managed Futures Strategy ETF during the 4th quarter valued at $6,147,000. FMA Wealth Management LLC bought a new stake in iMGP DBi Managed Futures Strategy ETF in the third quarter worth $5,922,000. OneDigital Investment Advisors LLC boosted its stake in iMGP DBi Managed Futures Strategy ETF by 46.4% during the third quarter. OneDigital Investment Advisors LLC now owns 634,210 shares of the company’s stock worth $17,840,000 after buying an additional 200,877 shares during the period. Finally, Private Advisor Group LLC increased its position in iMGP DBi Managed Futures Strategy ETF by 126.6% during the third quarter. Private Advisor Group LLC now owns 230,208 shares of the company’s stock valued at $6,476,000 after acquiring an additional 128,611 shares during the last quarter.

iMGP DBi Managed Futures Strategy ETF Trading Up 0.1 %

iMGP DBi Managed Futures Strategy ETF stock opened at $26.47 on Friday. iMGP DBi Managed Futures Strategy ETF has a 12-month low of $25.98 and a 12-month high of $30.63. The firm has a 50-day moving average price of $26.80 and a 200-day moving average price of $27.50. The firm has a market capitalization of $924.60 million, a PE ratio of 24.50 and a beta of 0.04.

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.