Drive Wealth Management LLC Acquires New Position in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Drive Wealth Management LLC bought a new stake in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 10,000 shares of the company’s stock, valued at approximately $262,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. US Bancorp DE acquired a new position in iMGP DBi Managed Futures Strategy ETF in the 3rd quarter valued at about $29,000. Concourse Financial Group Securities Inc. acquired a new position in iMGP DBi Managed Futures Strategy ETF in the 3rd quarter valued at about $42,000. Matrix Trust Co acquired a new position in iMGP DBi Managed Futures Strategy ETF in the 3rd quarter valued at about $111,000. Raleigh Capital Management Inc. acquired a new position in iMGP DBi Managed Futures Strategy ETF in the 4th quarter valued at about $174,000. Finally, Moors & Cabot Inc. acquired a new position in iMGP DBi Managed Futures Strategy ETF in the 3rd quarter valued at about $211,000.

iMGP DBi Managed Futures Strategy ETF Price Performance

NYSEARCA:DBMF opened at $26.20 on Tuesday. The company’s 50-day moving average is $26.86 and its two-hundred day moving average is $27.57. iMGP DBi Managed Futures Strategy ETF has a 1-year low of $25.98 and a 1-year high of $30.63. The firm has a market capitalization of $915.17 million, a price-to-earnings 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.