Fortitude Family Office LLC Purchases New Position in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Fortitude Family Office LLC acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 234,959 shares of the company’s stock, valued at approximately $6,147,000. iMGP DBi Managed Futures Strategy ETF comprises 2.2% of Fortitude Family Office LLC’s portfolio, making the stock its 8th largest holding. Fortitude Family Office LLC owned 0.67% of iMGP DBi Managed Futures Strategy ETF at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in DBMF. CWM LLC lifted its holdings in iMGP DBi Managed Futures Strategy ETF by 43.0% during the 3rd quarter. CWM LLC now owns 2,028,633 shares of the company’s stock worth $57,065,000 after purchasing an additional 610,397 shares during the last quarter. Envestnet Asset Management Inc. increased its position in iMGP DBi Managed Futures Strategy ETF by 6.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,895,164 shares of the company’s stock worth $56,969,000 after buying an additional 109,823 shares during the period. Naviter Wealth LLC lifted its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 3.0% during the third quarter. Naviter Wealth LLC now owns 1,684,500 shares of the company’s stock worth $47,385,000 after buying an additional 48,446 shares in the last quarter. Goldstein Advisors LLC boosted its position in shares of iMGP DBi Managed Futures Strategy ETF by 3.2% in the third quarter. Goldstein Advisors LLC now owns 1,037,861 shares of the company’s stock valued at $29,195,000 after acquiring an additional 31,789 shares during the period. Finally, Cardinal Point Capital Management ULC grew its stake in shares of iMGP DBi Managed Futures Strategy ETF by 3.0% in the third quarter. Cardinal Point Capital Management ULC now owns 1,037,835 shares of the company’s stock valued at $29,194,000 after acquiring an additional 30,309 shares in the last quarter.

iMGP DBi Managed Futures Strategy ETF Stock Performance

NYSEARCA:DBMF opened at $26.49 on Friday. The firm has a market cap of $925.30 million, a price-to-earnings ratio of 24.50 and a beta of 0.04. iMGP DBi Managed Futures Strategy ETF has a 52 week low of $25.97 and a 52 week high of $30.63. The firm’s 50-day simple moving average is $26.95 and its 200 day simple moving average is $27.89.

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.