First Growth Capital LLC Buys New Stake in iMGP DBi Managed Futures Strategy ETF $DBMF

First Growth Capital LLC purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 31,944 shares of the company’s stock, valued at approximately $978,000. iMGP DBi Managed Futures Strategy ETF accounts for approximately 1.0% of First Growth Capital LLC’s investment portfolio, making the stock its 24th largest position.

Other large investors have also recently added to or reduced their stakes in the company. Strive Financial Group LLC acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF during the fourth quarter worth about $287,000. Beacon Pointe Advisors LLC purchased a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the fourth quarter worth about $236,000. NewEdge Advisors LLC grew its stake in shares of iMGP DBi Managed Futures Strategy ETF by 14.3% in the fourth quarter. NewEdge Advisors LLC now owns 87,146 shares of the company’s stock valued at $2,445,000 after buying an additional 10,935 shares in the last quarter. Alpha Capital Advisors Inc. ADV purchased a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the 4th quarter valued at about $1,429,000. Finally, Empowered Funds LLC raised its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 112.1% during the 4th quarter. Empowered Funds LLC now owns 204,310 shares of the company’s stock valued at $5,733,000 after buying an additional 108,000 shares during the period.

iMGP DBi Managed Futures Strategy ETF Stock Performance

iMGP DBi Managed Futures Strategy ETF stock opened at $30.92 on Friday. The stock’s 50 day moving average price is $30.79 and its 200 day moving average price is $30.09. The firm has a market capitalization of $3.58 billion, a PE ratio of 24.50 and a beta of -0.21. iMGP DBi Managed Futures Strategy ETF has a one year low of $25.34 and a one year high of $31.66.

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.