World Equity Group Inc. Invests $293,000 in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

World Equity Group Inc. bought a new position in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) in the fourth quarter, Holdings Channel reports. The fund bought 11,190 shares of the company’s stock, valued at approximately $293,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. US Bancorp DE acquired a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the third quarter worth $29,000. Kestra Investment Management LLC acquired a new position in iMGP DBi Managed Futures Strategy ETF in the fourth quarter valued at about $39,000. Stonebridge Financial Group LLC acquired a new position in iMGP DBi Managed Futures Strategy ETF in the fourth quarter valued at about $63,000. New Wave Wealth Advisors LLC acquired a new position in iMGP DBi Managed Futures Strategy ETF in the fourth quarter valued at about $67,000. Finally, Elevation Wealth Partners LLC acquired a new position in iMGP DBi Managed Futures Strategy ETF in the fourth quarter valued at about $120,000.

iMGP DBi Managed Futures Strategy ETF Stock Down 0.2 %

DBMF stock opened at $26.22 on Tuesday. The company has a market cap of $915.86 million, a PE ratio of 24.50 and a beta of 0.04. The business has a 50-day simple moving average of $26.57 and a 200 day simple moving average of $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 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.