Verum Partners LLC Increases Holdings in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Verum Partners LLC increased its stake in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 2.6% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 22,906 shares of the company’s stock after buying an additional 577 shares during the quarter. Verum Partners LLC owned 0.09% of iMGP DBi Managed Futures Strategy ETF worth $590,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its stake in shares of iMGP DBi Managed Futures Strategy ETF by 2,402.1% in the third quarter. JPMorgan Chase & Co. now owns 7,074,260 shares of the company’s stock valued at $204,446,000 after buying an additional 6,791,529 shares during the period. Miracle Mile Advisors LLC raised its stake in iMGP DBi Managed Futures Strategy ETF by 9.0% in the 3rd quarter. Miracle Mile Advisors LLC now owns 2,425,513 shares of the company’s stock valued at $70,097,000 after acquiring an additional 199,830 shares during the period. Envestnet Asset Management Inc. lifted its holdings in iMGP DBi Managed Futures Strategy ETF by 4.6% during the third quarter. Envestnet Asset Management Inc. now owns 1,317,148 shares of the company’s stock valued at $38,066,000 after purchasing an additional 57,379 shares during the last quarter. LPL Financial LLC boosted its position in iMGP DBi Managed Futures Strategy ETF by 217.0% during the third quarter. LPL Financial LLC now owns 1,039,828 shares of the company’s stock worth $30,051,000 after purchasing an additional 711,763 shares during the period. Finally, Goldstein Advisors LLC boosted its position in iMGP DBi Managed Futures Strategy ETF by 7.1% during the third quarter. Goldstein Advisors LLC now owns 809,868 shares of the company’s stock worth $23,405,000 after purchasing an additional 53,861 shares during the period.

iMGP DBi Managed Futures Strategy ETF Price Performance

Shares of NYSEARCA:DBMF traded up $0.04 during trading on Wednesday, hitting $28.28. 97,283 shares of the company were exchanged, compared to its average volume of 319,461. iMGP DBi Managed Futures Strategy ETF has a 52-week low of $25.60 and a 52-week high of $29.25. The stock has a 50 day moving average of $27.10 and a 200 day moving average of $27.45. The company has a market cap of $721.71 million, a PE ratio of 24.50 and a beta of -0.14.

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.