iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) is Naviter Wealth LLC’s 2nd Largest Position

Naviter Wealth LLC increased its holdings in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 10.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,857,242 shares of the company’s stock after purchasing an additional 172,742 shares during the period. iMGP DBi Managed Futures Strategy ETF makes up about 5.9% of Naviter Wealth LLC’s holdings, making the stock its 2nd biggest holding. Naviter Wealth LLC owned approximately 5.32% of iMGP DBi Managed Futures Strategy ETF worth $48,585,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in DBMF. Parcion Private Wealth LLC purchased a new position in iMGP DBi Managed Futures Strategy ETF in the 4th quarter worth approximately $31,817,000. Litman Gregory Wealth Management LLC grew its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 50.6% in the fourth 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 during the last quarter. Raymond James Financial Inc. purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF in the fourth quarter worth $8,144,000. Rainey & Randall Wealth Advisors Inc. raised its holdings in iMGP DBi Managed Futures Strategy ETF by 912.7% during the 4th quarter. Rainey & Randall Wealth Advisors Inc. now owns 320,309 shares of the company’s stock valued at $8,379,000 after buying an additional 288,680 shares during the last quarter. Finally, Fortitude Family Office LLC purchased a new stake in iMGP DBi Managed Futures Strategy ETF during the 4th quarter valued at $6,147,000.

iMGP DBi Managed Futures Strategy ETF Stock Up 0.2 %

Shares of iMGP DBi Managed Futures Strategy ETF stock opened at $25.37 on Friday. The firm has a market cap of $1.32 billion, a PE ratio of 24.50 and a beta of -0.15. The company’s fifty day simple moving average is $26.34 and its two-hundred day simple moving average is $27.09. iMGP DBi Managed Futures Strategy ETF has a 12-month low of $25.06 and a 12-month high of $30.63.

iMGP DBi Managed Futures Strategy ETF 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.