iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) is Sage Private Wealth Group LLC’s 5th Largest Position

Sage Private Wealth Group LLC boosted its position in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 6.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 417,169 shares of the company’s stock after acquiring an additional 24,514 shares during the period. iMGP DBi Managed Futures Strategy ETF accounts for about 8.2% of Sage Private Wealth Group LLC’s investment portfolio, making the stock its 5th largest position. Sage Private Wealth Group LLC owned about 1.19% of iMGP DBi Managed Futures Strategy ETF worth $10,913,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. US Bancorp DE purchased a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the third quarter worth about $29,000. Concourse Financial Group Securities Inc. purchased a new position in iMGP DBi Managed Futures Strategy ETF in the 3rd quarter worth approximately $42,000. Stonebridge Financial Group LLC bought a new position in iMGP DBi Managed Futures Strategy ETF in the 4th quarter worth approximately $63,000. New Wave Wealth Advisors LLC purchased a new stake in iMGP DBi Managed Futures Strategy ETF during the 4th quarter valued at approximately $67,000. Finally, Elevation Wealth Partners LLC bought a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the fourth quarter valued at approximately $120,000.

iMGP DBi Managed Futures Strategy ETF Stock Performance

DBMF stock opened at $26.72 on Wednesday. The company’s fifty day moving average price is $26.70 and its 200-day moving average price is $27.31. iMGP DBi Managed Futures Strategy ETF has a one year low of $25.98 and a one year high of $30.63. The company has a market capitalization of $933.33 million, a PE ratio of 24.50 and a beta of 0.04.

About iMGP DBi Managed Futures Strategy ETF

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.