Elevation Wealth Partners LLC Makes New $120,000 Investment in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Elevation Wealth Partners LLC acquired a new position in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 4,580 shares of the company’s stock, valued at approximately $120,000.

Several other hedge funds and other institutional investors have also bought and sold shares of DBMF. Litman Gregory Wealth Management LLC raised its stake in iMGP DBi Managed Futures Strategy ETF by 50.6% in the 4th quarter. Litman Gregory Wealth Management LLC now owns 1,484,932 shares of the company’s stock worth $38,846,000 after purchasing an additional 498,845 shares in the last quarter. Fortitude Family Office LLC acquired a new stake in iMGP DBi Managed Futures Strategy ETF in the 4th quarter worth about $6,147,000. FMA Wealth Management LLC acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF in the 3rd quarter valued at approximately $5,922,000. OneDigital Investment Advisors LLC raised its position in shares of iMGP DBi Managed Futures Strategy ETF by 46.4% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 634,210 shares of the company’s stock valued at $17,840,000 after buying an additional 200,877 shares in the last quarter. Finally, Private Advisor Group LLC raised its position in shares of iMGP DBi Managed Futures Strategy ETF by 126.6% in the 3rd quarter. Private Advisor Group LLC now owns 230,208 shares of the company’s stock valued at $6,476,000 after buying an additional 128,611 shares in the last quarter.

iMGP DBi Managed Futures Strategy ETF Trading Up 0.4 %

Shares of NYSEARCA:DBMF opened at $26.47 on Monday. The firm has a 50 day moving average of $26.71 and a 200-day moving average of $27.34. The stock 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 has a 12 month low of $25.98 and a 12 month high of $30.63.

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.