Envestnet Portfolio Solutions Inc. Acquires Shares of 7,972 iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Envestnet Portfolio Solutions Inc. bought a new position in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,972 shares of the company’s stock, valued at approximately $209,000.

Other hedge funds have also recently modified their holdings of the company. Parcion Private Wealth LLC purchased a new stake in iMGP DBi Managed Futures Strategy ETF during the 4th quarter worth approximately $31,817,000. Litman Gregory Wealth Management LLC raised its stake in iMGP DBi Managed Futures Strategy ETF by 50.6% in the 4th quarter. Litman Gregory Wealth Management LLC now owns 1,484,932 shares of the company’s stock valued at $38,846,000 after purchasing an additional 498,845 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in iMGP DBi Managed Futures Strategy ETF by 145.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 567,703 shares of the company’s stock valued at $14,851,000 after purchasing an additional 336,869 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in iMGP DBi Managed Futures Strategy ETF during the 4th quarter worth $8,144,000. Finally, Rainey & Randall Wealth Advisors Inc. grew its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 912.7% during the fourth quarter. Rainey & Randall Wealth Advisors Inc. now owns 320,309 shares of the company’s stock worth $8,379,000 after buying an additional 288,680 shares in the last quarter.

iMGP DBi Managed Futures Strategy ETF Trading Down 0.4 %

NYSEARCA:DBMF opened at $25.33 on Friday. The company has a market cap of $1.14 billion, a P/E ratio of 24.50 and a beta of -0.15. iMGP DBi Managed Futures Strategy ETF has a twelve month low of $24.71 and a twelve month high of $30.63. The company’s 50-day moving average price is $26.00 and its 200-day moving average price is $26.83.

iMGP DBi Managed Futures Strategy ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be paid a $0.1789 dividend. The ex-dividend date of this dividend is Thursday, March 27th.

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.