Innova Wealth Partners bought a new stake in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF – Free Report) in the fourth quarter, HoldingsChannel.com reports. The fund bought 119,461 shares of the company’s stock, valued at approximately $3,125,000. iMGP DBi Managed Futures Strategy ETF comprises 2.0% of Innova Wealth Partners’ holdings, making the stock its 15th biggest holding.
Other institutional investors and hedge funds have also made changes to their positions in the company. US Bancorp DE bought a new stake in iMGP DBi Managed Futures Strategy ETF in the 3rd quarter valued at about $29,000. Concourse Financial Group Securities Inc. bought a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the third quarter valued at approximately $42,000. Matrix Trust Co acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF during the third quarter worth approximately $111,000. Brighton Jones LLC acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF during the second quarter worth approximately $220,000. Finally, Moors & Cabot Inc. bought a new position in iMGP DBi Managed Futures Strategy ETF in the 3rd quarter worth approximately $211,000.
iMGP DBi Managed Futures Strategy ETF Price Performance
Shares of iMGP DBi Managed Futures Strategy ETF stock opened at $26.33 on Wednesday. iMGP DBi Managed Futures Strategy ETF has a 1-year low of $25.92 and a 1-year high of $30.63. The business’s fifty day moving average price is $26.97 and its two-hundred day moving average price is $27.91. The company has a market capitalization of $919.71 million, a P/E ratio of 24.50 and a beta of 0.04.
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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Want to see what other hedge funds are holding DBMF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF – Free Report).
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