Richmond Investment Services LLC Buys Shares of 17,903 iMGP DBi Managed Futures Strategy ETF $DBMF

Richmond Investment Services LLC purchased a new stake in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 17,903 shares of the company’s stock, valued at approximately $540,000.

Several other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in iMGP DBi Managed Futures Strategy ETF by 139,913.0% during 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 acquired a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the fourth quarter valued at about $87,820,000. Royal Bank of Canada raised its stake in shares of iMGP DBi Managed Futures Strategy ETF by 240.8% in the 4th quarter. Royal Bank of Canada now owns 759,975 shares of the company’s stock valued at $21,325,000 after acquiring an additional 537,000 shares during the period. Raymond James Financial Inc. raised its stake in shares of iMGP DBi Managed Futures Strategy ETF by 54.9% in the 2nd quarter. Raymond James Financial Inc. now owns 1,285,564 shares of the company’s stock valued at $33,078,000 after acquiring an additional 455,884 shares during the period. Finally, Axxcess Wealth Management LLC lifted its holdings in shares of 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 Performance

Shares of DBMF stock opened at $30.80 on Thursday. The firm has a market cap of $3.90 billion, a P/E ratio of 24.50 and a beta of -0.20. The firm’s 50 day moving average price is $30.86 and its 200-day moving average price is $30.26. iMGP DBi Managed Futures Strategy ETF has a one year low of $25.34 and a one 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.