Hobbs Group Advisors LLC Takes $180,000 Position in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Hobbs Group Advisors LLC acquired a new position in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 5,972 shares of the company’s stock, valued at approximately $180,000.

Several other large investors also recently added to or reduced their stakes in the business. Family Investment Center Inc. grew its stake in iMGP DBi Managed Futures Strategy ETF by 10.1% in the 2nd quarter. Family Investment Center Inc. now owns 564,844 shares of the company’s stock worth $16,979,000 after buying an additional 51,913 shares in the last quarter. E&G Advisors LP lifted its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 5.7% during the 2nd quarter. E&G Advisors LP now owns 90,442 shares of the company’s stock worth $2,719,000 after acquiring an additional 4,855 shares during the last quarter. Brookstone Capital Management purchased a new position in iMGP DBi Managed Futures Strategy ETF in the second quarter worth $350,000. TriaGen Wealth Management LLC increased its stake in iMGP DBi Managed Futures Strategy ETF by 75.1% in the second quarter. TriaGen Wealth Management LLC now owns 43,710 shares of the company’s stock valued at $1,314,000 after acquiring an additional 18,748 shares during the last quarter. Finally, Professional Financial Advisors LLC lifted its position in iMGP DBi Managed Futures Strategy ETF by 1.1% in the 2nd quarter. Professional Financial Advisors LLC now owns 144,867 shares of the company’s stock worth $4,355,000 after buying an additional 1,642 shares during the last quarter.

iMGP DBi Managed Futures Strategy ETF Price Performance

iMGP DBi Managed Futures Strategy ETF stock traded down $0.15 during mid-day trading on Tuesday, hitting $27.95. The company’s stock had a trading volume of 130,725 shares, compared to its average volume of 354,795. The business has a 50 day moving average price of $29.25 and a 200-day moving average price of $28.80. iMGP DBi Managed Futures Strategy ETF has a 12 month low of $25.60 and a 12 month high of $30.63. The stock has a market cap of $976.29 million, a price-to-earnings ratio of 24.50 and a beta of 0.04.

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.