Oppenheimer & Co. Inc. reduced its stake in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF – Free Report) by 38.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,617 shares of the company’s stock after selling 7,238 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $293,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the stock. Transce3nd LLC purchased a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the fourth quarter worth $49,000. Comerica Bank boosted its holdings in iMGP DBi Managed Futures Strategy ETF by 140.4% in the 4th quarter. Comerica Bank now owns 3,674 shares of the company’s stock worth $96,000 after buying an additional 2,146 shares during the period. Envestnet Portfolio Solutions Inc. bought a new position in iMGP DBi Managed Futures Strategy ETF in the 4th quarter worth $209,000. Octavia Wealth Advisors LLC purchased a new stake in iMGP DBi Managed Futures Strategy ETF in the 1st quarter worth $211,000. Finally, Focus Financial Network Inc. bought a new stake in iMGP DBi Managed Futures Strategy ETF during the first quarter valued at about $213,000.
iMGP DBi Managed Futures Strategy ETF Stock Up 0.3%
Shares of iMGP DBi Managed Futures Strategy ETF stock opened at $25.82 on Thursday. The stock’s 50-day simple moving average is $25.40 and its 200-day simple moving average is $25.77. iMGP DBi Managed Futures Strategy ETF has a 52 week low of $24.52 and a 52 week high of $30.63. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 24.50 and a beta of -0.17.
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.
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