Northwestern Mutual Wealth Management Co. boosted its position in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF – Free Report) by 10.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,167,671 shares of the company’s stock after purchasing an additional 198,372 shares during the quarter. Northwestern Mutual Wealth Management Co. owned about 2.68% of iMGP DBi Managed Futures Strategy ETF worth $60,825,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. MidAtlantic Capital Management Inc. purchased a new position in iMGP DBi Managed Futures Strategy ETF during the 4th quarter worth $48,000. LFA Lugano Financial Advisors SA increased its holdings in iMGP DBi Managed Futures Strategy ETF by 50.1% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 3,033 shares of the company’s stock worth $85,000 after purchasing an additional 1,013 shares during the period. Lloyd Advisory Services LLC. purchased a new position in iMGP DBi Managed Futures Strategy ETF during the 4th quarter worth $87,000. Advisory Services Network LLC purchased a new position in iMGP DBi Managed Futures Strategy ETF during the 3rd quarter worth $152,000. Finally, Advisors Preferred LLC purchased a new position in iMGP DBi Managed Futures Strategy ETF during the 4th quarter worth $182,000.
iMGP DBi Managed Futures Strategy ETF Stock Down 0.1%
DBMF opened at $31.00 on Friday. The stock’s fifty day moving average is $30.56 and its two-hundred day moving average is $29.85. The company has a market capitalization of $3.59 billion, a P/E ratio of 24.50 and a beta of -0.21. iMGP DBi Managed Futures Strategy ETF has a 52 week low of $25.18 and a 52 week high of $31.66.
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.
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