Beacon Capital Management Inc. Purchases Shares of 239,213 iMGP DBi Managed Futures Strategy ETF $DBMF

Beacon Capital Management Inc. purchased a new stake in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) during the third quarter, Holdings Channel reports. The fund purchased 239,213 shares of the company’s stock, valued at approximately $6,533,000.

Several other large investors have also recently made changes to their positions in the stock. Comerica Bank raised its position in iMGP DBi Managed Futures Strategy ETF by 467.1% in the first quarter. Comerica Bank now owns 20,835 shares of the company’s stock valued at $526,000 after purchasing an additional 17,161 shares during the period. MAI Capital Management grew its stake in shares of iMGP DBi Managed Futures Strategy ETF by 1.1% in the first quarter. MAI Capital Management now owns 47,217 shares of the company’s stock valued at $1,193,000 after buying an additional 510 shares in the last quarter. Family Office Research LLC purchased a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the 1st quarter valued at $633,000. Pinnacle Family Advisors LLC raised its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 5.2% in the 1st quarter. Pinnacle Family Advisors LLC now owns 16,760 shares of the company’s stock valued at $423,000 after buying an additional 836 shares during the period. Finally, Upper Left Wealth Management LLC boosted its holdings in iMGP DBi Managed Futures Strategy ETF by 19.2% during the 2nd quarter. Upper Left Wealth Management LLC now owns 181,056 shares of the company’s stock valued at $4,659,000 after acquiring an additional 29,174 shares during the period.

iMGP DBi Managed Futures Strategy ETF Price Performance

NYSEARCA DBMF opened at $29.63 on Friday. The company has a market cap of $1.97 billion, a P/E ratio of 24.50 and a beta of -0.20. The stock has a 50-day moving average of $28.70 and a two-hundred day moving average of $27.16. iMGP DBi Managed Futures Strategy ETF has a 1-year low of $24.52 and a 1-year high of $29.66.

iMGP DBi Managed Futures Strategy ETF Company 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.