Nwam LLC Takes $705,000 Position in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Nwam LLC acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 24,048 shares of the company’s stock, valued at approximately $705,000. Nwam LLC owned approximately 0.07% of iMGP DBi Managed Futures Strategy ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Sound Income Strategies LLC acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF during the fourth quarter worth $28,000. Fairman Group LLC bought a new stake in iMGP DBi Managed Futures Strategy ETF during the 4th quarter worth $39,000. Concourse Financial Group Securities Inc. acquired a new position in iMGP DBi Managed Futures Strategy ETF in the 4th quarter worth about $111,000. Oppenheimer & Co. Inc. bought a new position in iMGP DBi Managed Futures Strategy ETF in the first quarter valued at about $211,000. Finally, Wealthcare Advisory Partners LLC acquired a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the first quarter valued at about $221,000.

iMGP DBi Managed Futures Strategy ETF Price Performance

iMGP DBi Managed Futures Strategy ETF stock opened at $29.67 on Friday. The business has a 50 day moving average of $29.85 and a 200-day moving average of $28.50. iMGP DBi Managed Futures Strategy ETF has a 1 year low of $25.60 and a 1 year high of $30.63. The company has a market capitalization of $1.04 billion, a P/E ratio of 24.50 and a beta of 0.04.

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.