Royal Bank of Canada Purchases 162,363 Shares of iMGP DBi Managed Futures Strategy ETF $DBMF

Royal Bank of Canada grew its holdings in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 21.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 922,338 shares of the company’s stock after purchasing an additional 162,363 shares during the quarter. Royal Bank of Canada owned approximately 0.80% of iMGP DBi Managed Futures Strategy ETF worth $27,808,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. MBM Wealth Consultants LLC bought a new stake in iMGP DBi Managed Futures Strategy ETF during the first quarter valued at approximately $30,000. Capital Advisors Ltd. LLC purchased a new stake in iMGP DBi Managed Futures Strategy ETF during the first quarter valued at approximately $34,000. MidAtlantic Capital Management Inc. bought a new position in iMGP DBi Managed Futures Strategy ETF in the fourth quarter worth approximately $48,000. LFA Lugano Financial Advisors SA raised its position in iMGP DBi Managed Futures Strategy ETF by 50.1% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 3,033 shares of the company’s stock worth $85,000 after acquiring an additional 1,013 shares during the period. Finally, Lloyd Advisory Services LLC. purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF during the 4th quarter worth $87,000.

iMGP DBi Managed Futures Strategy ETF Price Performance

Shares of DBMF stock opened at $30.69 on Wednesday. iMGP DBi Managed Futures Strategy ETF has a 1 year low of $25.58 and a 1 year high of $31.66. The firm has a fifty day moving average price of $30.87 and a 200-day moving average price of $30.56. The company has a market cap of $4.10 billion, a price-to-earnings ratio of 24.50 and a beta of -0.20.

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.