TIAA Trust National Association Takes $87.82 Million Position in iMGP DBi Managed Futures Strategy ETF $DBMF

TIAA Trust National Association bought a new stake in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,121,070 shares of the company’s stock, valued at approximately $87,820,000. TIAA Trust National Association owned about 3.86% of iMGP DBi Managed Futures Strategy ETF at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in DBMF. JPMorgan Chase & Co. grew its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 139,913.0% during the fourth quarter. JPMorgan Chase & Co. now owns 7,374,483 shares of the company’s stock valued at $206,928,000 after purchasing an additional 7,369,216 shares during the last quarter. Raymond James Financial Inc. increased its stake in shares of iMGP DBi Managed Futures Strategy ETF by 54.9% in the second quarter. Raymond James Financial Inc. now owns 1,285,564 shares of the company’s stock valued at $33,078,000 after purchasing an additional 455,884 shares during the period. Axxcess Wealth Management LLC increased its stake in shares of iMGP DBi Managed Futures Strategy ETF by 107.0% in the fourth quarter. Axxcess Wealth Management LLC now owns 870,474 shares of the company’s stock valued at $24,425,000 after purchasing an additional 450,006 shares during the period. Beacon Harbor Wealth Advisors Inc. acquired a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the fourth quarter valued at approximately $12,263,000. Finally, Innova Wealth Partners increased its stake in shares of iMGP DBi Managed Futures Strategy ETF by 1,178.7% in the fourth quarter. Innova Wealth Partners now owns 428,563 shares of the company’s stock valued at $12,025,000 after purchasing an additional 395,047 shares during the period.

iMGP DBi Managed Futures Strategy ETF Trading Up 0.7%

Shares of NYSEARCA:DBMF opened at $30.87 on Tuesday. The firm’s 50 day moving average is $30.71 and its two-hundred day moving average is $29.97. iMGP DBi Managed Futures Strategy ETF has a 52 week low of $25.26 and a 52 week high of $31.66. The firm has a market capitalization of $3.57 billion, a P/E ratio of 24.50 and a beta of -0.21.

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.