Rockland Trust Co. Makes New Investment in iMGP DBi Managed Futures Strategy ETF $DBMF

Rockland Trust Co. acquired a new position in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) in the 2nd quarter, Holdings Channel reports. The firm acquired 293,140 shares of the company’s stock, valued at approximately $7,542,000.

Several other institutional investors have also added to or reduced their stakes in the stock. MAI Capital Management raised its holdings in iMGP DBi Managed Futures Strategy ETF by 1.1% in the 1st quarter. MAI Capital Management now owns 47,217 shares of the company’s stock worth $1,193,000 after purchasing an additional 510 shares in the last quarter. Stonebridge Financial Group LLC raised its holdings in iMGP DBi Managed Futures Strategy ETF by 25.7% in the 1st quarter. Stonebridge Financial Group LLC now owns 3,029 shares of the company’s stock worth $77,000 after purchasing an additional 620 shares in the last quarter. Pinnacle Family Advisors LLC raised its holdings in iMGP DBi Managed Futures Strategy ETF by 5.2% in the 1st quarter. Pinnacle Family Advisors LLC now owns 16,760 shares of the company’s stock worth $423,000 after purchasing an additional 836 shares in the last quarter. Midwest Financial Group LLC raised its holdings in iMGP DBi Managed Futures Strategy ETF by 1.4% in the 1st quarter. Midwest Financial Group LLC now owns 68,639 shares of the company’s stock worth $1,734,000 after purchasing an additional 947 shares in the last quarter. Finally, Focus Financial Network Inc. raised its holdings in iMGP DBi Managed Futures Strategy ETF by 12.2% in the 2nd quarter. Focus Financial Network Inc. now owns 9,440 shares of the company’s stock worth $243,000 after purchasing an additional 1,023 shares in the last quarter.

iMGP DBi Managed Futures Strategy ETF Price Performance

Shares of iMGP DBi Managed Futures Strategy ETF stock opened at $27.15 on Friday. The company has a 50-day moving average of $26.06 and a 200 day moving average of $25.58. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 24.50 and a beta of -0.14. iMGP DBi Managed Futures Strategy ETF has a 1 year low of $24.52 and a 1 year high of $28.55.

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.