Truist Financial Corp Raises Stake in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Truist Financial Corp raised its position in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 13.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 312,986 shares of the company’s stock after acquiring an additional 38,255 shares during the period. Truist Financial Corp’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $8,188,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DBMF. Litman Gregory Wealth Management LLC raised its position in iMGP DBi Managed Futures Strategy ETF by 50.6% during the fourth quarter. Litman Gregory Wealth Management LLC now owns 1,484,932 shares of the company’s stock worth $38,846,000 after acquiring an additional 498,845 shares during the last quarter. Cardinal Point Capital Management ULC grew its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 2.4% during the fourth quarter. Cardinal Point Capital Management ULC now owns 1,063,256 shares of the company’s stock worth $27,815,000 after buying an additional 25,421 shares in the last quarter. Goldstein Advisors LLC grew its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 3.2% during the third 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 in the last quarter. Summit Wealth & Retirement Planning Inc. grew its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 3.3% during the third quarter. Summit Wealth & Retirement Planning Inc. now owns 664,714 shares of the company’s stock worth $18,698,000 after buying an additional 21,385 shares in the last quarter. Finally, OneDigital Investment Advisors LLC grew its holdings in shares of 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 in the last quarter.

iMGP DBi Managed Futures Strategy ETF Price Performance

Shares of NYSEARCA DBMF opened at $26.27 on Friday. The company has a market cap of $917.61 million, a PE ratio of 24.50 and a beta of 0.04. iMGP DBi Managed Futures Strategy ETF has a 12 month low of $25.98 and a 12 month high of $30.63. The company has a 50-day simple moving average of $26.59 and a 200-day simple moving average of $27.22.

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.