Beacon Harbor Wealth Advisors Inc. Takes $12.26 Million Position in iMGP DBi Managed Futures Strategy ETF $DBMF

Beacon Harbor Wealth Advisors Inc. bought a new stake in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 437,012 shares of the company’s stock, valued at approximately $12,263,000. iMGP DBi Managed Futures Strategy ETF comprises approximately 2.7% of Beacon Harbor Wealth Advisors Inc.’s holdings, making the stock its 10th largest holding. Beacon Harbor Wealth Advisors Inc. owned 0.56% of iMGP DBi Managed Futures Strategy ETF at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Northwestern Mutual Wealth Management Co. raised its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 3.9% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,969,299 shares of the company’s stock valued at $53,782,000 after buying an additional 73,114 shares during the last quarter. Parcion Private Wealth LLC purchased a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the third quarter valued at about $41,968,000. Raymond James Financial Inc. raised its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 6.4% in the third quarter. Raymond James Financial Inc. now owns 1,367,786 shares of the company’s stock valued at $37,354,000 after buying an additional 82,222 shares during the last quarter. Cardinal Point Capital Management ULC increased its stake in shares of iMGP DBi Managed Futures Strategy ETF by 3.5% during the third quarter. Cardinal Point Capital Management ULC now owns 1,123,011 shares of the company’s stock worth $31,411,000 after acquiring an additional 38,016 shares during the period. Finally, Savant Capital LLC increased its stake in shares of iMGP DBi Managed Futures Strategy ETF by 37.3% during the third quarter. Savant Capital LLC now owns 967,384 shares of the company’s stock worth $26,419,000 after acquiring an additional 262,849 shares during the period.

iMGP DBi Managed Futures Strategy ETF Stock Up 0.2%

Shares of iMGP DBi Managed Futures Strategy ETF stock opened at $30.33 on Friday. iMGP DBi Managed Futures Strategy ETF has a 52-week low of $24.71 and a 52-week high of $31.66. The company’s 50-day simple moving average is $30.42 and its 200-day simple moving average is $29.22. The firm has a market cap of $3.31 billion, a price-to-earnings ratio of 24.50 and a beta of -0.22.

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.