Cerity Partners LLC Makes New Investment in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Cerity Partners LLC acquired a new stake in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 31,762 shares of the company’s stock, valued at approximately $836,000. Cerity Partners LLC owned about 0.09% of iMGP DBi Managed Futures Strategy ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in DBMF. JPMorgan Chase & Co. boosted its stake in iMGP DBi Managed Futures Strategy ETF by 1,438.0% during the 4th quarter. JPMorgan Chase & Co. now owns 5,669,140 shares of the company’s stock valued at $148,305,000 after purchasing an additional 5,300,530 shares during the last quarter. Parcion Private Wealth LLC bought a new position in shares of iMGP DBi Managed Futures Strategy ETF in the fourth quarter valued at approximately $31,817,000. Wells Fargo & Company MN purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF during the fourth quarter valued at approximately $17,794,000. Litman Gregory Wealth Management LLC grew its holdings in iMGP DBi Managed Futures Strategy ETF by 50.6% during the fourth quarter. Litman Gregory Wealth Management LLC now owns 1,484,932 shares of the company’s stock worth $38,846,000 after buying an additional 498,845 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its position 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 buying an additional 336,869 shares during the last quarter.

iMGP DBi Managed Futures Strategy ETF Price Performance

DBMF opened at $25.13 on Friday. iMGP DBi Managed Futures Strategy ETF has a 1 year low of $24.52 and a 1 year high of $30.63. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 24.50 and a beta of -0.15. The firm’s fifty day moving average price is $25.50 and its two-hundred day moving average price is $26.45.

iMGP DBi Managed Futures Strategy ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a dividend of $0.1789 per share. The ex-dividend date was 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.