Manning & Napier Advisors LLC Has $4.43 Million Position in iMGP DBi Managed Futures Strategy ETF $DBMF

Manning & Napier Advisors LLC lifted its holdings in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 103.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 146,677 shares of the company’s stock after acquiring an additional 74,407 shares during the period. Manning & Napier Advisors LLC owned approximately 0.13% of iMGP DBi Managed Futures Strategy ETF worth $4,434,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DBMF. Morgan Stanley grew its stake in iMGP DBi Managed Futures Strategy ETF by 1.9% during the fourth quarter. Morgan Stanley now owns 7,845,100 shares of the company’s stock worth $220,134,000 after purchasing an additional 149,909 shares during the period. JPMorgan Chase & Co. increased its stake in shares of iMGP DBi Managed Futures Strategy ETF by 139,913.0% in the 4th quarter. JPMorgan Chase & Co. now owns 7,374,483 shares of the company’s stock valued at $206,928,000 after acquiring an additional 7,369,216 shares in the last quarter. LPL Financial LLC lifted its position in shares of iMGP DBi Managed Futures Strategy ETF by 6.7% during the 4th quarter. LPL Financial LLC now owns 5,637,634 shares of the company’s stock valued at $158,192,000 after acquiring an additional 355,157 shares during the period. TIAA Trust National Association acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF during the 4th quarter valued at $87,820,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of iMGP DBi Managed Futures Strategy ETF by 10.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,167,671 shares of the company’s stock valued at $60,825,000 after acquiring an additional 198,372 shares during the period.

iMGP DBi Managed Futures Strategy ETF Trading Up 0.1%

NYSEARCA DBMF traded up $0.04 on Friday, hitting $30.80. 835,795 shares of the company were exchanged, compared to its average volume of 1,505,184. The company has a market cap of $3.81 billion, a PE ratio of 24.50 and a beta of -0.20. The stock has a fifty day moving average of $30.85 and a 200-day moving average of $30.27. iMGP DBi Managed Futures Strategy ETF has a 12 month low of $25.34 and a 12 month 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.