Professional Financial Advisors LLC Boosts Stake in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Professional Financial Advisors LLC lifted its stake in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 7.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 155,936 shares of the company’s stock after purchasing an additional 11,428 shares during the period. iMGP DBi Managed Futures Strategy ETF accounts for approximately 1.0% of Professional Financial Advisors LLC’s holdings, making the stock its 18th largest position. Professional Financial Advisors LLC owned about 0.45% of iMGP DBi Managed Futures Strategy ETF worth $4,079,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of DBMF. CWM LLC boosted its holdings in iMGP DBi Managed Futures Strategy ETF by 43.0% in the 3rd quarter. CWM LLC now owns 2,028,633 shares of the company’s stock worth $57,065,000 after buying an additional 610,397 shares during the period. Envestnet Asset Management Inc. boosted its holdings in iMGP DBi Managed Futures Strategy ETF by 6.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,895,164 shares of the company’s stock worth $56,969,000 after buying an additional 109,823 shares during the period. Naviter Wealth LLC boosted its holdings in iMGP DBi Managed Futures Strategy ETF by 3.0% in the 3rd quarter. Naviter Wealth LLC now owns 1,684,500 shares of the company’s stock worth $47,385,000 after buying an additional 48,446 shares during the period. Goldstein Advisors LLC boosted its holdings in iMGP DBi Managed Futures Strategy ETF by 3.2% in the 3rd quarter. Goldstein Advisors LLC now owns 1,037,861 shares of the company’s stock worth $29,195,000 after buying an additional 31,789 shares during the period. Finally, Cardinal Point Capital Management ULC boosted its holdings in iMGP DBi Managed Futures Strategy ETF by 3.0% in the 3rd quarter. Cardinal Point Capital Management ULC now owns 1,037,835 shares of the company’s stock worth $29,194,000 after buying an additional 30,309 shares during the period.

iMGP DBi Managed Futures Strategy ETF Stock Up 0.3 %

DBMF opened at $26.85 on Tuesday. The firm has a 50-day simple moving average of $26.94 and a two-hundred day simple moving average of $27.81. 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 $937.87 million, a PE ratio of 24.50 and a beta of 0.04.

About iMGP DBi Managed Futures Strategy ETF

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.