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

Litman Gregory Wealth Management LLC increased its holdings in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 50.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,484,932 shares of the company’s stock after purchasing an additional 498,845 shares during the period. iMGP DBi Managed Futures Strategy ETF makes up approximately 3.4% of Litman Gregory Wealth Management LLC’s holdings, making the stock its 7th largest position. Litman Gregory Wealth Management LLC owned 4.25% of iMGP DBi Managed Futures Strategy ETF worth $38,846,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in DBMF. US Bancorp DE acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF during the third quarter valued at about $29,000. Concourse Financial Group Securities Inc. bought a new position in iMGP DBi Managed Futures Strategy ETF during the third quarter valued at about $42,000. New Wave Wealth Advisors LLC acquired a new position in iMGP DBi Managed Futures Strategy ETF in the 4th quarter valued at approximately $67,000. Matrix Trust Co bought a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the 3rd quarter worth approximately $111,000. Finally, Raleigh Capital Management Inc. acquired a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the 4th quarter worth approximately $174,000.

iMGP DBi Managed Futures Strategy ETF Price Performance

Shares of iMGP DBi Managed Futures Strategy ETF stock opened at $26.47 on Friday. iMGP DBi Managed Futures Strategy ETF has a 52-week low of $25.98 and a 52-week high of $30.63. The firm has a market capitalization of $924.60 million, a PE ratio of 24.50 and a beta of 0.04. The company’s fifty day moving average price is $26.80 and its two-hundred day moving average price is $27.50.

iMGP DBi Managed Futures Strategy ETF Company 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.