Modern Wealth Management LLC Takes $227,000 Position in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Modern Wealth Management LLC bought a new position in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 8,515 shares of the company’s stock, valued at approximately $227,000.

Several other large investors also recently bought and sold shares of DBMF. Parcion Private Wealth LLC acquired a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the fourth quarter worth $31,817,000. Litman Gregory Wealth Management LLC lifted its position in iMGP DBi Managed Futures Strategy ETF by 50.6% during 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 during the period. Commonwealth Equity Services LLC increased its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 145.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 567,703 shares of the company’s stock valued at $14,851,000 after purchasing an additional 336,869 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the fourth quarter worth about $8,144,000. Finally, Rainey & Randall Wealth Advisors Inc. boosted its holdings in iMGP DBi Managed Futures Strategy ETF by 912.7% in the fourth quarter. Rainey & Randall Wealth Advisors Inc. now owns 320,309 shares of the company’s stock valued at $8,379,000 after purchasing an additional 288,680 shares during the last quarter.

iMGP DBi Managed Futures Strategy ETF Stock Performance

DBMF stock opened at $25.33 on Friday. iMGP DBi Managed Futures Strategy ETF has a one year low of $24.71 and a one year high of $30.63. The firm’s fifty day moving average is $26.00 and its 200 day moving average is $26.83. The firm has a market cap of $1.14 billion, a PE ratio of 24.50 and a beta of -0.15.

iMGP DBi Managed Futures Strategy ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be given a dividend of $0.1789 per share. The ex-dividend date is Thursday, March 27th.

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.