Prentice Wealth Management LLC Takes $13.14 Million Position in iMGP DBi Managed Futures Strategy ETF $DBMF

Prentice Wealth Management LLC acquired a new stake in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) during the first quarter, HoldingsChannel reports. The institutional investor acquired 435,694 shares of the company’s stock, valued at approximately $13,136,000. iMGP DBi Managed Futures Strategy ETF comprises about 3.0% of Prentice Wealth Management LLC’s investment portfolio, making the stock its 11th biggest holding.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital Advisors Ltd. LLC acquired a new position in iMGP DBi Managed Futures Strategy ETF in the 1st quarter valued at about $34,000. MidAtlantic Capital Management Inc. acquired a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the 4th quarter worth about $48,000. LFA Lugano Financial Advisors SA boosted its stake in shares of iMGP DBi Managed Futures Strategy ETF by 50.1% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 3,033 shares of the company’s stock worth $85,000 after purchasing an additional 1,013 shares during the last quarter. Lloyd Advisory Services LLC. purchased a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the fourth quarter worth about $87,000. Finally, Advisory Services Network LLC purchased a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the third quarter worth about $152,000.

iMGP DBi Managed Futures Strategy ETF Price Performance

NYSEARCA:DBMF opened at $30.57 on Wednesday. The firm has a market cap of $3.54 billion, a PE ratio of 24.50 and a beta of -0.21. The firm has a 50 day simple moving average of $30.82 and a 200-day simple moving average of $30.13. iMGP DBi Managed Futures Strategy ETF has a 1-year low of $25.34 and a 1-year high of $31.66.

iMGP DBi Managed Futures Strategy ETF 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.