Englebert Financial Advisers LLC Makes New Investment in iMGP DBi Managed Futures Strategy ETF $DBMF

Englebert Financial Advisers LLC acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 24,748 shares of the company’s stock, valued at approximately $694,000. iMGP DBi Managed Futures Strategy ETF makes up about 0.8% of Englebert Financial Advisers LLC’s investment portfolio, making the stock its 28th biggest position.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. LFA Lugano Financial Advisors SA lifted its stake in shares of iMGP DBi Managed Futures Strategy ETF by 50.1% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 3,033 shares of the company’s stock worth $85,000 after acquiring an additional 1,013 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF in the third quarter worth about $152,000. Advisors Preferred LLC acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF in the fourth quarter worth about $182,000. Able Wealth Management LLC acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF in the fourth quarter worth about $211,000. Finally, Octavia Wealth Advisors LLC acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF in the fourth quarter worth about $213,000.

iMGP DBi Managed Futures Strategy ETF Stock Performance

NYSEARCA:DBMF opened at $31.02 on Tuesday. iMGP DBi Managed Futures Strategy ETF has a one year low of $25.09 and a one year high of $31.66. The business’s 50-day simple moving average is $30.47 and its 200 day simple moving average is $29.58. The stock has a market cap of $3.59 billion, a price-to-earnings ratio of 24.50 and a beta of -0.21.

iMGP DBi Managed Futures Strategy ETF Company 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.