73,393 Shares in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Bought by Legacy Capital Group California Inc.

Legacy Capital Group California Inc. bought a new stake in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) during the fourth quarter, HoldingsChannel.com reports. The firm bought 73,393 shares of the company’s stock, valued at approximately $1,920,000. iMGP DBi Managed Futures Strategy ETF comprises about 0.6% of Legacy Capital Group California Inc.’s investment portfolio, making the stock its 27th largest position.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DBMF. US Bancorp DE acquired a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the 3rd quarter valued at approximately $29,000. Kestra Investment Management LLC acquired a new position in iMGP DBi Managed Futures Strategy ETF during the 4th quarter worth approximately $39,000. Stonebridge Financial Group LLC bought a new position in iMGP DBi Managed Futures Strategy ETF in the 4th quarter valued at approximately $63,000. New Wave Wealth Advisors LLC acquired a new stake in iMGP DBi Managed Futures Strategy ETF in the fourth quarter valued at approximately $67,000. Finally, Elevation Wealth Partners LLC acquired a new stake in iMGP DBi Managed Futures Strategy ETF in the fourth quarter valued at approximately $120,000.

iMGP DBi Managed Futures Strategy ETF Stock Performance

Shares of NYSEARCA:DBMF opened at $26.55 on Friday. iMGP DBi Managed Futures Strategy ETF has a 52-week low of $25.98 and a 52-week high of $30.63. The company has a market capitalization of $927.39 million, a PE ratio of 24.50 and a beta of 0.04. The company has a fifty day moving average of $26.61 and a 200-day moving average of $27.22.

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.