Beam Wealth Advisors Inc. Acquires Shares of 24,023 iMGP DBi Managed Futures Strategy ETF $DBMF

Beam Wealth Advisors Inc. acquired a new position in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 24,023 shares of the company’s stock, valued at approximately $724,000.

A number of other large investors have also recently made changes to their positions in the business. JPMorgan Chase & Co. grew its position in iMGP DBi Managed Futures Strategy ETF by 139,913.0% in the fourth quarter. JPMorgan Chase & Co. now owns 7,374,483 shares of the company’s stock worth $206,928,000 after acquiring an additional 7,369,216 shares in the last quarter. TIAA Trust National Association bought a new stake in iMGP DBi Managed Futures Strategy ETF during the fourth quarter worth approximately $87,820,000. Royal Bank of Canada raised its position in iMGP DBi Managed Futures Strategy ETF by 240.8% during the fourth quarter. Royal Bank of Canada now owns 759,975 shares of the company’s stock valued at $21,325,000 after purchasing an additional 537,000 shares during the period. Raymond James Financial Inc. raised its position in iMGP DBi Managed Futures Strategy ETF by 54.9% during the second quarter. Raymond James Financial Inc. now owns 1,285,564 shares of the company’s stock valued at $33,078,000 after purchasing an additional 455,884 shares during the period. Finally, Axxcess Wealth Management LLC lifted its stake in shares of iMGP DBi Managed Futures Strategy ETF by 107.0% in the 4th quarter. Axxcess Wealth Management LLC now owns 870,474 shares of the company’s stock valued at $24,425,000 after purchasing an additional 450,006 shares during the last quarter.

iMGP DBi Managed Futures Strategy ETF Price Performance

NYSEARCA:DBMF opened at $30.80 on Thursday. The firm has a market capitalization of $3.90 billion, a price-to-earnings ratio of 24.50 and a beta of -0.20. The business has a 50 day simple moving average of $30.86 and a 200-day simple moving average of $30.26. iMGP DBi Managed Futures Strategy ETF has a 1 year low of $25.34 and a 1 year high of $31.66.

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.