Fifth Third Bancorp Makes New Investment in iMGP DBi Managed Futures Strategy ETF $DBMF

Fifth Third Bancorp bought a new stake in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 34,114 shares of the company’s stock, valued at approximately $1,029,000.

Several other hedge funds have also made changes to their positions in the company. Simplicity Wealth LLC grew its position in shares of iMGP DBi Managed Futures Strategy ETF by 4.7% during the 1st quarter. Simplicity Wealth LLC now owns 32,173 shares of the company’s stock worth $970,000 after buying an additional 1,435 shares in the last quarter. Beacon Harbor Wealth Advisors Inc. raised its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 2.3% in the first quarter. Beacon Harbor Wealth Advisors Inc. now owns 447,198 shares of the company’s stock valued at $13,483,000 after acquiring an additional 10,186 shares in the last quarter. Manning & Napier Advisors LLC raised its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 103.0% in the first quarter. Manning & Napier Advisors LLC now owns 146,677 shares of the company’s stock valued at $4,434,000 after acquiring an additional 74,407 shares in the last quarter. ATX Financial Planning LLC purchased a new stake in iMGP DBi Managed Futures Strategy ETF in the first quarter worth about $1,682,000. Finally, Money Concepts Capital Corp purchased a new stake in iMGP DBi Managed Futures Strategy ETF in the first quarter worth about $1,398,000.

iMGP DBi Managed Futures Strategy ETF Price Performance

Shares of iMGP DBi Managed Futures Strategy ETF stock opened at $31.41 on Friday. iMGP DBi Managed Futures Strategy ETF has a 1 year low of $25.34 and a 1 year high of $31.66. The firm’s 50-day moving average is $30.90 and its two-hundred day moving average is $30.43. The stock has a market cap of $3.99 billion, a price-to-earnings ratio of 24.50 and a beta of -0.20.

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.