Legacy Capital Group California Inc. Takes $1.92 Million Position in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Legacy Capital Group California Inc. purchased a new stake in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 73,393 shares of the company’s stock, valued at approximately $1,920,000. iMGP DBi Managed Futures Strategy ETF accounts for approximately 0.6% of Legacy Capital Group California Inc.’s holdings, making the stock its 27th largest holding. Legacy Capital Group California Inc. owned approximately 0.21% of iMGP DBi Managed Futures Strategy ETF as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. US Bancorp DE bought a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the 3rd quarter valued at $29,000. Kestra Investment Management LLC bought a new position in shares of iMGP DBi Managed Futures Strategy ETF in the fourth quarter worth $39,000. Stonebridge Financial Group LLC acquired a new position in iMGP DBi Managed Futures Strategy ETF in the fourth quarter valued at about $63,000. New Wave Wealth Advisors LLC bought a new stake in iMGP DBi Managed Futures Strategy ETF during the fourth quarter worth about $67,000. Finally, Elevation Wealth Partners LLC acquired a new stake in iMGP DBi Managed Futures Strategy ETF during the fourth quarter worth about $120,000.

iMGP DBi Managed Futures Strategy ETF Stock Down 0.6 %

DBMF stock opened at $26.55 on Friday. The company’s 50-day moving average price is $26.61 and its two-hundred day moving average price is $27.22. The firm has a market cap of $927.39 million, a P/E ratio of 24.50 and a beta of 0.04. iMGP DBi Managed Futures Strategy ETF has a 12 month low of $25.98 and a 12 month high of $30.63.

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.