West Michigan Advisors LLC Purchases 680 Shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

West Michigan Advisors LLC boosted its holdings in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 2.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 28,431 shares of the company’s stock after acquiring an additional 680 shares during the period. West Michigan Advisors LLC’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $800,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DBMF. Fairman Group LLC lifted its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 778.7% during the 3rd quarter. Fairman Group LLC now owns 13,769 shares of the company’s stock valued at $387,000 after buying an additional 12,202 shares during the period. Litman Gregory Wealth Management LLC lifted its holdings in iMGP DBi Managed Futures Strategy ETF by 7.9% in the third quarter. Litman Gregory Wealth Management LLC now owns 986,087 shares of the company’s stock valued at $27,739,000 after acquiring an additional 72,143 shares during the period. Rainey & Randall Investment Management Inc. boosted its position in iMGP DBi Managed Futures Strategy ETF by 68.9% in the third quarter. Rainey & Randall Investment Management Inc. now owns 31,629 shares of the company’s stock worth $890,000 after purchasing an additional 12,898 shares during the last quarter. Private Advisor Group LLC grew its stake in shares of iMGP DBi Managed Futures Strategy ETF by 126.6% during the 3rd quarter. Private Advisor Group LLC now owns 230,208 shares of the company’s stock valued at $6,476,000 after purchasing an additional 128,611 shares during the period. Finally, TriaGen Wealth Management LLC increased its position in shares of iMGP DBi Managed Futures Strategy ETF by 25.1% during the 3rd quarter. TriaGen Wealth Management LLC now owns 54,673 shares of the company’s stock valued at $1,538,000 after purchasing an additional 10,963 shares during the last quarter.

iMGP DBi Managed Futures Strategy ETF Stock Up 0.4 %

Shares of NYSEARCA:DBMF opened at $27.26 on Friday. The stock has a market capitalization of $952.19 million, a PE ratio of 24.50 and a beta of 0.04. The firm’s 50 day moving average price is $27.87 and its 200-day moving average price is $28.87. iMGP DBi Managed Futures Strategy ETF has a twelve month low of $25.60 and a twelve month high of $30.63.

iMGP DBi Managed Futures Strategy ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 27th were paid a dividend of $0.2507 per share. The ex-dividend date was Friday, September 27th.

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.