Nwam LLC Has $736,000 Stock Position in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Nwam LLC raised its stake in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 2.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,123 shares of the company’s stock after purchasing an additional 707 shares during the quarter. Nwam LLC’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $736,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. US Bancorp DE bought a new position in shares of iMGP DBi Managed Futures Strategy ETF in the third quarter valued at approximately $29,000. Kestra Investment Management LLC bought a new position in shares of iMGP DBi Managed Futures Strategy ETF in the fourth quarter valued at approximately $39,000. Stonebridge Financial Group LLC bought a new position in shares of iMGP DBi Managed Futures Strategy ETF in the fourth quarter valued at approximately $63,000. New Wave Wealth Advisors LLC bought a new position in shares of iMGP DBi Managed Futures Strategy ETF in the fourth quarter valued at approximately $67,000. Finally, Elevation Wealth Partners LLC bought a new position in shares of iMGP DBi Managed Futures Strategy ETF in the fourth quarter valued at approximately $120,000.

iMGP DBi Managed Futures Strategy ETF Trading Down 0.3 %

NYSEARCA:DBMF opened at $25.86 on Friday. iMGP DBi Managed Futures Strategy ETF has a 1 year low of $25.69 and a 1 year high of $30.63. The firm has a 50 day moving average of $26.47 and a 200-day moving average of $27.17. The stock has a market capitalization of $1.35 billion, a P/E ratio of 24.50 and a beta of -0.15.

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.