Twelve Points Wealth Management LLC Has $2.01 Million Holdings in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Twelve Points Wealth Management LLC grew its holdings in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 70.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 76,635 shares of the company’s stock after purchasing an additional 31,779 shares during the period. Twelve Points Wealth Management LLC owned about 0.22% of iMGP DBi Managed Futures Strategy ETF worth $2,005,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of DBMF. Drive Wealth Management LLC acquired a new position in iMGP DBi Managed Futures Strategy ETF during the fourth quarter worth approximately $262,000. Dynamic Advisor Solutions LLC raised its stake in iMGP DBi Managed Futures Strategy ETF by 3.5% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 74,007 shares of the company’s stock valued at $1,936,000 after acquiring an additional 2,531 shares during the period. Midwest Financial Group LLC lifted its stake in shares of iMGP DBi Managed Futures Strategy ETF by 3.9% during the 4th quarter. Midwest Financial Group LLC now owns 67,692 shares of the company’s stock worth $1,771,000 after buying an additional 2,519 shares during the last quarter. Exchange Traded Concepts LLC bought a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the 4th quarter worth about $755,000. Finally, Raleigh Capital Management Inc. acquired a new position in iMGP DBi Managed Futures Strategy ETF in the 4th quarter valued at about $174,000.

iMGP DBi Managed Futures Strategy ETF Trading Up 0.7 %

NYSEARCA:DBMF opened at $26.39 on Wednesday. The stock has a 50 day simple moving average of $26.84 and a 200 day simple moving average of $27.54. iMGP DBi Managed Futures Strategy ETF has a 1-year low of $25.98 and a 1-year high of $30.63. The stock has a market cap of $921.80 million, a P/E 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.