Scarborough Advisors LLC Takes $3.18 Million Position in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Scarborough Advisors LLC purchased a new stake in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) during the fourth quarter, Holdings Channel reports. The firm purchased 121,432 shares of the company’s stock, valued at approximately $3,177,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of DBMF. US Bancorp DE bought a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the third quarter worth about $29,000. Concourse Financial Group Securities Inc. acquired a new position in iMGP DBi Managed Futures Strategy ETF during the third quarter valued at approximately $42,000. Stonebridge Financial Group LLC acquired a new position in iMGP DBi Managed Futures Strategy ETF during the fourth quarter valued at approximately $63,000. New Wave Wealth Advisors LLC acquired a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the fourth quarter valued at approximately $67,000. Finally, Elevation Wealth Partners LLC acquired a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the fourth quarter valued at approximately $120,000.

iMGP DBi Managed Futures Strategy ETF Trading Down 1.0 %

NYSEARCA:DBMF opened at $26.43 on Friday. The stock has a market cap of $923.20 million, a P/E ratio of 24.50 and a beta of 0.04. The stock has a 50 day simple moving average of $26.67 and a 200 day simple moving average of $27.29. iMGP DBi Managed Futures Strategy ETF has a 1-year low of $25.98 and a 1-year high of $30.63.

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.