Austin Wealth Management LLC Boosts Position in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Austin Wealth Management LLC boosted its stake in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 18.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 377,344 shares of the company’s stock after purchasing an additional 57,506 shares during the period. iMGP DBi Managed Futures Strategy ETF comprises approximately 2.1% of Austin Wealth Management LLC’s portfolio, making the stock its 15th largest position. Austin Wealth Management LLC owned 1.08% of iMGP DBi Managed Futures Strategy ETF worth $10,086,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in DBMF. US Bancorp DE acquired a new position in iMGP DBi Managed Futures Strategy ETF during the 3rd quarter worth approximately $29,000. Kestra Investment Management LLC purchased a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the 4th quarter valued at $39,000. Stonebridge Financial Group LLC purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF in the 4th quarter valued at $63,000. New Wave Wealth Advisors LLC acquired a new stake in iMGP DBi Managed Futures Strategy ETF in the fourth quarter valued at approximately $67,000. Finally, Elevation Wealth Partners LLC acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF in the fourth quarter worth about $120,000.

iMGP DBi Managed Futures Strategy ETF Stock Down 0.0 %

DBMF stock opened at $24.88 on Wednesday. iMGP DBi Managed Futures Strategy ETF has a fifty-two week low of $24.71 and a fifty-two week high of $30.63. The stock has a market cap of $1.30 billion, a PE ratio of 24.50 and a beta of -0.15. The firm’s 50-day simple moving average is $26.29 and its 200 day simple moving average is $27.04.

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.