Parcion Private Wealth LLC Invests $31.82 Million in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Parcion Private Wealth LLC acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,216,261 shares of the company’s stock, valued at approximately $31,817,000. iMGP DBi Managed Futures Strategy ETF accounts for approximately 2.4% of Parcion Private Wealth LLC’s holdings, making the stock its 9th biggest holding. Parcion Private Wealth LLC owned about 3.48% of iMGP DBi Managed Futures Strategy ETF at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Litman Gregory Wealth Management LLC raised its position in shares of 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 acquiring an additional 498,845 shares in the last quarter. Cardinal Point Capital Management ULC increased its holdings in iMGP DBi Managed Futures Strategy ETF by 2.4% in the fourth quarter. Cardinal Point Capital Management ULC now owns 1,063,256 shares of the company’s stock worth $27,815,000 after purchasing an additional 25,421 shares in the last quarter. Goldstein Advisors LLC boosted its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 3.2% during 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 in the last quarter. Summit Wealth & Retirement Planning Inc. grew its position in shares of iMGP DBi Managed Futures Strategy ETF by 3.3% during the 3rd 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 during the period. Finally, OneDigital Investment Advisors LLC lifted its position in shares of iMGP DBi Managed Futures Strategy ETF by 46.4% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 634,210 shares of the company’s stock valued at $17,840,000 after acquiring an additional 200,877 shares during the period.

iMGP DBi Managed Futures Strategy ETF Trading Down 0.5 %

Shares of NYSEARCA DBMF opened at $26.70 on Thursday. The firm has a market capitalization of $932.63 million, a P/E ratio of 24.50 and a beta of 0.04. The firm’s 50-day moving average price is $26.62 and its 200-day moving average price is $27.23. iMGP DBi Managed Futures Strategy ETF has a 1-year low of $25.98 and a 1-year high of $30.63.

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.