Cetera Investment Advisers Grows Stock Position in iMGP DBi Managed Futures Strategy ETF $DBMF

Cetera Investment Advisers lifted its stake in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 16.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 286,203 shares of the company’s stock after buying an additional 39,768 shares during the period. Cetera Investment Advisers’ holdings in iMGP DBi Managed Futures Strategy ETF were worth $8,629,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. JPMorgan Chase & Co. increased its stake in shares of iMGP DBi Managed Futures Strategy ETF by 139,913.0% in the fourth quarter. JPMorgan Chase & Co. now owns 7,374,483 shares of the company’s stock worth $206,928,000 after buying an additional 7,369,216 shares during the period. TIAA Trust National Association bought a new stake in iMGP DBi Managed Futures Strategy ETF during the 4th quarter valued at $87,820,000. Royal Bank of Canada boosted its position in iMGP DBi Managed Futures Strategy ETF by 240.8% during the 4th quarter. Royal Bank of Canada now owns 759,975 shares of the company’s stock valued at $21,325,000 after buying an additional 537,000 shares during the period. Raymond James Financial Inc. boosted its position in iMGP DBi Managed Futures Strategy ETF by 54.9% during the 2nd quarter. Raymond James Financial Inc. now owns 1,285,564 shares of the company’s stock valued at $33,078,000 after buying an additional 455,884 shares during the period. Finally, Axxcess Wealth Management LLC grew its holdings in iMGP DBi Managed Futures Strategy ETF by 107.0% in the 4th quarter. Axxcess Wealth Management LLC now owns 870,474 shares of the company’s stock worth $24,425,000 after acquiring an additional 450,006 shares during the last quarter.

iMGP DBi Managed Futures Strategy ETF Stock Up 0.3%

Shares of iMGP DBi Managed Futures Strategy ETF stock opened at $30.92 on Friday. The company’s fifty day simple moving average is $30.89 and its two-hundred day simple moving average is $30.52. iMGP DBi Managed Futures Strategy ETF has a 12-month low of $25.34 and a 12-month high of $31.66. The firm has a market cap of $3.99 billion, a PE 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.