Fairman Group LLC Acquires New Stake in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Fairman Group LLC purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,502 shares of the company’s stock, valued at approximately $39,000.

Other institutional investors and hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in iMGP DBi Managed Futures Strategy ETF by 2,402.1% in the third quarter. JPMorgan Chase & Co. now owns 7,074,260 shares of the company’s stock valued at $204,446,000 after buying an additional 6,791,529 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of iMGP DBi Managed Futures Strategy ETF by 4.6% in the third quarter. Envestnet Asset Management Inc. now owns 1,317,148 shares of the company’s stock valued at $38,066,000 after purchasing an additional 57,379 shares during the period. Professional Financial Advisors LLC grew its holdings in iMGP DBi Managed Futures Strategy ETF by 7.8% during the 4th quarter. Professional Financial Advisors LLC now owns 109,849 shares of the company’s stock valued at $2,830,000 after purchasing an additional 7,963 shares in the last quarter. Kestra Advisory Services LLC increased its stake in iMGP DBi Managed Futures Strategy ETF by 7.0% during the 3rd quarter. Kestra Advisory Services LLC now owns 21,450 shares of the company’s stock worth $620,000 after buying an additional 1,400 shares during the period. Finally, Verum Partners LLC lifted its holdings in iMGP DBi Managed Futures Strategy ETF by 2.6% in the 4th quarter. Verum Partners LLC now owns 22,906 shares of the company’s stock worth $590,000 after buying an additional 577 shares in the last quarter.

iMGP DBi Managed Futures Strategy ETF Stock Performance

iMGP DBi Managed Futures Strategy ETF stock opened at $29.68 on Wednesday. The stock has a 50 day moving average of $29.53 and a 200-day moving average of $27.93. The stock has a market cap of $1.04 billion, a P/E ratio of 24.50 and a beta of 0.04. iMGP DBi Managed Futures Strategy ETF has a 52 week low of $25.60 and a 52 week high of $30.21.

About iMGP DBi Managed Futures Strategy ETF

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.