LPL Financial LLC Purchases 355,157 Shares of iMGP DBi Managed Futures Strategy ETF $DBMF

LPL Financial LLC grew its stake in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 6.7% in the fourth quarter, Holdings Channel reports. The firm owned 5,637,634 shares of the company’s stock after acquiring an additional 355,157 shares during the period. LPL Financial LLC owned 0.07% of iMGP DBi Managed Futures Strategy ETF worth $158,192,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in DBMF. JPMorgan Chase & Co. boosted its stake in shares of iMGP DBi Managed Futures Strategy ETF by 139,913.0% during the fourth quarter. JPMorgan Chase & Co. now owns 7,374,483 shares of the company’s stock valued at $206,928,000 after purchasing an additional 7,369,216 shares during the period. Raymond James Financial Inc. boosted its stake in shares of iMGP DBi Managed Futures Strategy ETF by 54.9% during the second quarter. Raymond James Financial Inc. now owns 1,285,564 shares of the company’s stock valued at $33,078,000 after purchasing an additional 455,884 shares during the period. Axxcess Wealth Management LLC boosted its stake in shares of iMGP DBi Managed Futures Strategy ETF by 107.0% during the fourth quarter. Axxcess Wealth Management LLC now owns 870,474 shares of the company’s stock valued at $24,425,000 after purchasing an additional 450,006 shares during the period. Beacon Harbor Wealth Advisors Inc. purchased a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the fourth quarter valued at $12,263,000. Finally, Innova Wealth Partners boosted its stake in shares of iMGP DBi Managed Futures Strategy ETF by 1,178.7% during the fourth quarter. Innova Wealth Partners now owns 428,563 shares of the company’s stock valued at $12,025,000 after purchasing an additional 395,047 shares during the period.

iMGP DBi Managed Futures Strategy ETF Trading Up 0.1%

Shares of DBMF opened at $30.80 on Thursday. The firm has a market capitalization of $3.57 billion, a P/E ratio of 24.50 and a beta of -0.21. iMGP DBi Managed Futures Strategy ETF has a 12-month low of $25.34 and a 12-month high of $31.66. The firm has a fifty day moving average price of $30.74 and a 200-day moving average price of $30.00.

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.