Rainey & Randall Wealth Advisors Inc. Increases Position in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Rainey & Randall Wealth Advisors Inc. increased its stake in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 912.7% in the fourth quarter, HoldingsChannel reports. The firm owned 320,309 shares of the company’s stock after buying an additional 288,680 shares during the period. iMGP DBi Managed Futures Strategy ETF makes up approximately 1.7% of Rainey & Randall Wealth Advisors Inc.’s investment portfolio, making the stock its 14th largest position. Rainey & Randall Wealth Advisors Inc.’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $8,379,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. US Bancorp DE bought a new position in iMGP DBi Managed Futures Strategy ETF in the third quarter worth about $29,000. Kestra Investment Management LLC acquired a new position in iMGP DBi Managed Futures Strategy ETF during the 4th quarter valued at about $39,000. Stonebridge Financial Group LLC purchased a new stake in iMGP DBi Managed Futures Strategy ETF in the fourth quarter valued at about $63,000. New Wave Wealth Advisors LLC acquired a new stake in iMGP DBi Managed Futures Strategy ETF in the fourth quarter worth about $67,000. Finally, Elevation Wealth Partners LLC purchased a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the fourth quarter worth about $120,000.

iMGP DBi Managed Futures Strategy ETF Stock Down 1.1 %

DBMF opened at $26.27 on Friday. The company has a market cap of $917.61 million, a P/E ratio of 24.50 and a beta of 0.04. The firm’s 50-day moving average price is $26.57 and its 200-day moving average price is $27.22. iMGP DBi Managed Futures Strategy ETF has a 52-week low of $25.98 and a 52-week high of $30.63.

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.