Northwestern Mutual Wealth Management Co. Buys 198,372 Shares of iMGP DBi Managed Futures Strategy ETF $DBMF

Northwestern Mutual Wealth Management Co. raised its stake in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 10.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,167,671 shares of the company’s stock after acquiring an additional 198,372 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $60,825,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of DBMF. Raymond James Financial Inc. boosted its position in iMGP DBi Managed Futures Strategy ETF by 54.9% during the 2nd quarter. Raymond James Financial Inc. now owns 1,285,564 shares of the company’s stock valued at $33,078,000 after acquiring an additional 455,884 shares in the last quarter. Axxcess Wealth Management LLC boosted its position in iMGP DBi Managed Futures Strategy ETF by 107.0% during the 4th quarter. Axxcess Wealth Management LLC now owns 870,474 shares of the company’s stock valued at $24,425,000 after acquiring an additional 450,006 shares in the last quarter. Beacon Harbor Wealth Advisors Inc. bought a new stake in iMGP DBi Managed Futures Strategy ETF during the 4th quarter valued at $12,263,000. Innova Wealth Partners boosted its position in iMGP DBi Managed Futures Strategy ETF by 1,178.7% during the 4th quarter. Innova Wealth Partners now owns 428,563 shares of the company’s stock valued at $12,025,000 after acquiring an additional 395,047 shares in the last quarter. Finally, Tidal Investments LLC boosted its position in iMGP DBi Managed Futures Strategy ETF by 107.3% during the 3rd quarter. Tidal Investments LLC now owns 703,075 shares of the company’s stock valued at $19,201,000 after acquiring an additional 363,998 shares in the last quarter.

iMGP DBi Managed Futures Strategy ETF Trading Down 0.1%

Shares of NYSEARCA DBMF opened at $31.00 on Friday. The stock has a market capitalization of $3.59 billion, a PE ratio of 24.50 and a beta of -0.21. The stock’s fifty day simple moving average is $30.56 and its two-hundred day simple moving average is $29.85. iMGP DBi Managed Futures Strategy ETF has a 12-month low of $25.18 and a 12-month high of $31.66.

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.