Kestra Investment Management LLC Buys Shares of 1,501 iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Kestra Investment Management LLC bought a new stake in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,501 shares of the company’s stock, valued at approximately $39,000.

A number of other hedge funds have also added to or reduced their stakes in DBMF. Private Advisor Group LLC raised its stake in iMGP DBi Managed Futures Strategy ETF by 126.6% during the 3rd quarter. Private Advisor Group LLC now owns 230,208 shares of the company’s stock valued at $6,476,000 after buying an additional 128,611 shares during the last quarter. Goldstein Advisors LLC increased its stake in shares of iMGP DBi Managed Futures Strategy ETF by 3.2% in the 3rd quarter. Goldstein Advisors LLC now owns 1,037,861 shares of the company’s stock worth $29,195,000 after purchasing an additional 31,789 shares in the last quarter. Strategic Blueprint LLC increased its stake in shares of iMGP DBi Managed Futures Strategy ETF by 2.3% in the 3rd quarter. Strategic Blueprint LLC now owns 21,223 shares of the company’s stock worth $597,000 after purchasing an additional 484 shares in the last quarter. Austin Wealth Management LLC increased its stake in shares of iMGP DBi Managed Futures Strategy ETF by 29.4% in the 3rd quarter. Austin Wealth Management LLC now owns 319,838 shares of the company’s stock worth $8,917,000 after purchasing an additional 72,577 shares in the last quarter. Finally, US Bancorp DE purchased a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the 3rd quarter worth $29,000.

iMGP DBi Managed Futures Strategy ETF Price Performance

NYSEARCA:DBMF opened at $26.27 on Friday. The firm has a market capitalization of $917.61 million, a price-to-earnings ratio of 24.50 and a beta of 0.04. iMGP DBi Managed Futures Strategy ETF has a one year low of $25.98 and a one year high of $30.63. The business has a fifty day moving average price of $26.57 and a 200-day moving average price of $27.22.

iMGP DBi Managed Futures Strategy ETF 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.