34,670 Shares in iMGP DBi Managed Futures Strategy ETF $DBMF Purchased by Ares Financial Consulting LLC

Ares Financial Consulting LLC purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 34,670 shares of the company’s stock, valued at approximately $973,000. iMGP DBi Managed Futures Strategy ETF accounts for about 0.9% of Ares Financial Consulting LLC’s investment portfolio, making the stock its 23rd biggest position.

A number of other institutional investors have also recently added to or reduced their stakes in DBMF. JPMorgan Chase & Co. grew its position in iMGP DBi Managed Futures Strategy ETF by 3.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 248,279 shares of the company’s stock worth $6,388,000 after purchasing an additional 8,963 shares during the last quarter. Raymond James Financial Inc. increased its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 54.9% during the second quarter. Raymond James Financial Inc. now owns 1,285,564 shares of the company’s stock valued at $33,078,000 after purchasing an additional 455,884 shares during the period. Bank of America Corp DE lifted its holdings in iMGP DBi Managed Futures Strategy ETF by 4.0% in the second quarter. Bank of America Corp DE now owns 33,263 shares of the company’s stock worth $856,000 after purchasing an additional 1,277 shares during the period. MML Investors Services LLC increased its stake in shares of iMGP DBi Managed Futures Strategy ETF by 4.7% during the second quarter. MML Investors Services LLC now owns 66,849 shares of the company’s stock valued at $1,720,000 after acquiring an additional 2,998 shares during the period. Finally, Tidal Investments LLC lifted its position in iMGP DBi Managed Futures Strategy ETF by 140.7% in the second quarter. Tidal Investments LLC now owns 339,077 shares of the company’s stock worth $8,724,000 after purchasing an additional 198,219 shares during the period.

iMGP DBi Managed Futures Strategy ETF Stock Performance

Shares of DBMF stock opened at $30.62 on Tuesday. iMGP DBi Managed Futures Strategy ETF has a 1 year low of $25.00 and a 1 year high of $31.66. The business’s fifty day moving average is $30.49 and its 200-day moving average is $29.44. The stock has a market cap of $3.54 billion, a PE 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.