Axxcess Wealth Management LLC Acquires 238,990 Shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Axxcess Wealth Management LLC grew its holdings in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 3,129.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 246,628 shares of the company’s stock after acquiring an additional 238,990 shares during the quarter. Axxcess Wealth Management LLC’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $6,452,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DBMF. Envestnet Portfolio Solutions Inc. acquired a new position in iMGP DBi Managed Futures Strategy ETF in the fourth quarter valued at about $209,000. Commonwealth Equity Services LLC increased its holdings in iMGP DBi Managed Futures Strategy ETF by 145.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 567,703 shares of the company’s stock valued at $14,851,000 after buying an additional 336,869 shares during the period. Austin Wealth Management LLC raised its position in shares of iMGP DBi Managed Futures Strategy ETF by 18.0% in the 4th quarter. Austin Wealth Management LLC now owns 377,344 shares of the company’s stock valued at $10,086,000 after buying an additional 57,506 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 7.6% during the 4th quarter. Farther Finance Advisors LLC now owns 40,999 shares of the company’s stock worth $1,073,000 after acquiring an additional 2,901 shares during the period. Finally, Smart Portfolios LLC lifted its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 157.3% during the 4th quarter. Smart Portfolios LLC now owns 24,644 shares of the company’s stock worth $645,000 after acquiring an additional 15,065 shares during the period.

iMGP DBi Managed Futures Strategy ETF Price Performance

Shares of NYSEARCA:DBMF opened at $25.52 on Wednesday. iMGP DBi Managed Futures Strategy ETF has a 1 year low of $24.71 and a 1 year high of $30.63. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 24.50 and a beta of -0.15. The company’s 50 day simple moving average is $26.19 and its 200 day simple moving average is $26.94.

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.