Royal Bank of Canada Acquires 162,363 Shares of iMGP DBi Managed Futures Strategy ETF $DBMF

Royal Bank of Canada increased its holdings in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 21.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 922,338 shares of the company’s stock after purchasing an additional 162,363 shares during the period. Royal Bank of Canada’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $27,808,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Carrera Capital Advisors purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF in the fourth quarter worth $5,490,000. Parcion Private Wealth LLC boosted its position in shares of iMGP DBi Managed Futures Strategy ETF by 1.3% during the fourth quarter. Parcion Private Wealth LLC now owns 1,556,637 shares of the company’s stock worth $43,679,000 after acquiring an additional 19,903 shares during the last quarter. Prentice Wealth Management LLC purchased a new position in iMGP DBi Managed Futures Strategy ETF during the first quarter valued at $13,136,000. Austin Wealth Management LLC grew its stake in iMGP DBi Managed Futures Strategy ETF by 4.2% during the fourth quarter. Austin Wealth Management LLC now owns 635,783 shares of the company’s stock valued at $17,980,000 after acquiring an additional 25,661 shares in the last quarter. Finally, Good Steward Wealth Advisors LLC increased its holdings in iMGP DBi Managed Futures Strategy ETF by 378.8% in the 4th quarter. Good Steward Wealth Advisors LLC now owns 81,615 shares of the company’s stock valued at $2,290,000 after acquiring an additional 64,569 shares during the last quarter.

iMGP DBi Managed Futures Strategy ETF Stock Performance

Shares of NYSEARCA DBMF opened at $30.69 on Wednesday. The company has a market cap of $4.10 billion, a P/E ratio of 24.50 and a beta of -0.20. iMGP DBi Managed Futures Strategy ETF has a 52-week low of $25.58 and a 52-week high of $31.66. The firm’s fifty day moving average is $30.87 and its two-hundred day moving average is $30.56.

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.