Canal Capital Management LLC Sells 22,410 Shares of iMGP DBi Managed Futures Strategy ETF $DBMF

Canal Capital Management LLC lessened its stake in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 28.6% in the first quarter, HoldingsChannel reports. The firm owned 55,826 shares of the company’s stock after selling 22,410 shares during the period. Canal Capital Management LLC’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $1,683,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Midwest Financial Group LLC raised its position in shares of iMGP DBi Managed Futures Strategy ETF by 0.4% in the first quarter. Midwest Financial Group LLC now owns 80,922 shares of the company’s stock valued at $2,440,000 after buying an additional 344 shares in the last quarter. Proactive Wealth Strategies LLC grew its position in iMGP DBi Managed Futures Strategy ETF by 2.2% during the fourth quarter. Proactive Wealth Strategies LLC now owns 20,078 shares of the company’s stock worth $563,000 after buying an additional 432 shares in the last quarter. Able Wealth Management LLC grew its position in iMGP DBi Managed Futures Strategy ETF by 8.5% during the first quarter. Able Wealth Management LLC now owns 8,147 shares of the company’s stock worth $246,000 after buying an additional 641 shares in the last quarter. Orion Porfolio Solutions LLC increased its stake in iMGP DBi Managed Futures Strategy ETF by 5.1% during the 4th quarter. Orion Porfolio Solutions LLC now owns 19,083 shares of the company’s stock worth $535,000 after acquiring an additional 932 shares during the period. Finally, MBM Wealth Consultants LLC bought a new position in iMGP DBi Managed Futures Strategy ETF during the 1st quarter worth $30,000.

iMGP DBi Managed Futures Strategy ETF Price Performance

Shares of NYSEARCA DBMF opened at $30.33 on Friday. The business has a fifty day moving average price of $30.85 and a two-hundred day moving average price of $30.21. The stock has a market capitalization of $3.90 billion, a PE ratio of 24.50 and a beta of -0.20. iMGP DBi Managed Futures Strategy ETF has a fifty-two week low of $25.34 and a fifty-two week 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.