Raymond James Financial Inc. Acquires New Position in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Raymond James Financial Inc. acquired a new stake in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 311,334 shares of the company’s stock, valued at approximately $8,144,000.

Several other large investors have also bought and sold shares of the business. Lake Street Private Wealth LLC lifted its holdings in iMGP DBi Managed Futures Strategy ETF by 1.7% in the fourth quarter. Lake Street Private Wealth LLC now owns 26,752 shares of the company’s stock valued at $700,000 after buying an additional 453 shares during the period. ORG Partners LLC lifted its holdings in iMGP DBi Managed Futures Strategy ETF by 8.0% in the fourth quarter. ORG Partners LLC now owns 7,684 shares of the company’s stock valued at $201,000 after buying an additional 570 shares during the period. Atria Investments Inc lifted its holdings in iMGP DBi Managed Futures Strategy ETF by 6.3% in the third quarter. Atria Investments Inc now owns 11,911 shares of the company’s stock valued at $335,000 after buying an additional 702 shares during the period. Nwam LLC lifted its holdings in iMGP DBi Managed Futures Strategy ETF by 2.6% in the fourth quarter. Nwam LLC now owns 28,123 shares of the company’s stock valued at $736,000 after buying an additional 707 shares during the period. Finally, Kestra Investment Management LLC acquired a new position in iMGP DBi Managed Futures Strategy ETF in the fourth quarter valued at approximately $39,000.

iMGP DBi Managed Futures Strategy ETF Price Performance

Shares of NYSEARCA DBMF opened at $25.45 on Friday. The company’s 50 day simple moving average is $26.13 and its 200 day simple moving average is $26.90. iMGP DBi Managed Futures Strategy ETF has a fifty-two week low of $24.71 and a fifty-two week high of $30.63. The firm has a market capitalization of $1.14 billion, a P/E ratio of 24.50 and a beta of -0.15.

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.