Rainey & Randall Wealth Advisors Inc. Buys 288,680 Shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Rainey & Randall Wealth Advisors Inc. grew its stake in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 912.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 320,309 shares of the company’s stock after acquiring an additional 288,680 shares during the period. iMGP DBi Managed Futures Strategy ETF accounts for 1.7% of Rainey & Randall Wealth Advisors Inc.’s holdings, making the stock its 14th biggest holding. Rainey & Randall Wealth Advisors Inc. owned about 0.92% of iMGP DBi Managed Futures Strategy ETF worth $8,379,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of DBMF. Stifel Financial Corp boosted its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 12.1% in the third quarter. Stifel Financial Corp now owns 34,056 shares of the company’s stock valued at $958,000 after purchasing an additional 3,670 shares during the period. US Bancorp DE bought a new stake in iMGP DBi Managed Futures Strategy ETF during the 3rd quarter valued at $29,000. Atria Investments Inc lifted its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 6.3% in the 3rd quarter. Atria Investments Inc now owns 11,911 shares of the company’s stock worth $335,000 after buying an additional 702 shares during the period. HighTower Advisors LLC grew its position in shares of iMGP DBi Managed Futures Strategy ETF by 22.5% during the 3rd quarter. HighTower Advisors LLC now owns 122,787 shares of the company’s stock worth $3,459,000 after buying an additional 22,588 shares in the last quarter. Finally, Truist Financial Corp increased its stake in shares of iMGP DBi Managed Futures Strategy ETF by 13.9% during the fourth quarter. Truist Financial Corp now owns 312,986 shares of the company’s stock valued at $8,188,000 after buying an additional 38,255 shares during the period.

iMGP DBi Managed Futures Strategy ETF Price Performance

NYSEARCA:DBMF opened at $26.27 on Friday. iMGP DBi Managed Futures Strategy ETF has a 1-year low of $25.98 and a 1-year high of $30.63. The company has a 50-day moving average of $26.57 and a 200 day moving average of $27.22. The firm has a market cap of $917.61 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.