Truist Financial Corp Increases Position in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Truist Financial Corp raised its position in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 13.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 312,986 shares of the company’s stock after purchasing an additional 38,255 shares during the period. Truist Financial Corp owned 0.90% of iMGP DBi Managed Futures Strategy ETF worth $8,188,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. US Bancorp DE purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF in the 3rd quarter valued at $29,000. Stonebridge Financial Group LLC purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF in the 4th quarter valued at $63,000. New Wave Wealth Advisors LLC purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF in the 4th quarter valued at $67,000. Elevation Wealth Partners LLC purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF in the 4th quarter valued at $120,000. Finally, Raleigh Capital Management Inc. purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF in the 4th quarter valued at $174,000.

iMGP DBi Managed Futures Strategy ETF Price Performance

NYSEARCA DBMF opened at $26.27 on Friday. The firm’s fifty day moving average price is $26.59 and its 200 day moving average price is $27.22. The company has a market capitalization of $917.61 million, a price-to-earnings ratio of 24.50 and a beta of 0.04. iMGP DBi Managed Futures Strategy ETF has a 12 month low of $25.98 and a 12 month 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.