Optivise Advisory Services LLC Buys Shares of 79,434 iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Optivise Advisory Services LLC purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 79,434 shares of the company’s stock, valued at approximately $2,234,000. iMGP DBi Managed Futures Strategy ETF comprises 1.2% of Optivise Advisory Services LLC’s investment portfolio, making the stock its 18th biggest position. Optivise Advisory Services LLC owned approximately 0.23% of iMGP DBi Managed Futures Strategy ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. CWM LLC raised its holdings in iMGP DBi Managed Futures Strategy ETF by 43.0% during the third quarter. CWM LLC now owns 2,028,633 shares of the company’s stock valued at $57,065,000 after buying an additional 610,397 shares in the last quarter. FMA Wealth Management LLC bought a new position in shares of iMGP DBi Managed Futures Strategy ETF in the 3rd quarter valued at approximately $5,922,000. OneDigital Investment Advisors LLC boosted its position in iMGP DBi Managed Futures Strategy ETF by 46.4% during the third quarter. OneDigital Investment Advisors LLC now owns 634,210 shares of the company’s stock worth $17,840,000 after purchasing an additional 200,877 shares during the period. Litman Gregory Wealth Management LLC boosted its position in iMGP DBi Managed Futures Strategy ETF by 17.6% during the second quarter. Litman Gregory Wealth Management LLC now owns 913,944 shares of the company’s stock worth $27,473,000 after purchasing an additional 136,920 shares during the period. Finally, Private Advisor Group LLC grew its holdings in iMGP DBi Managed Futures Strategy ETF by 126.6% during the third quarter. Private Advisor Group LLC now owns 230,208 shares of the company’s stock valued at $6,476,000 after purchasing an additional 128,611 shares during the last quarter.

iMGP DBi Managed Futures Strategy ETF Trading Up 0.4 %

Shares of iMGP DBi Managed Futures Strategy ETF stock opened at $27.25 on Friday. The firm has a fifty day simple moving average of $27.53 and a 200-day simple moving average of $28.53. The stock has a market capitalization of $951.84 million, a price-to-earnings ratio of 24.50 and a beta of 0.04. iMGP DBi Managed Futures Strategy ETF has a 1-year low of $25.60 and a 1-year high of $30.63.

iMGP DBi Managed Futures Strategy ETF Announces Dividend

The company also recently declared a dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 27th were issued a dividend of $0.2507 per share. The ex-dividend date was Friday, September 27th.

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.