Private Advisor Group LLC Trims Stake in iMGP DBi Managed Futures Strategy ETF $DBMF

Private Advisor Group LLC cut its position in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 41.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 253,270 shares of the company’s stock after selling 182,253 shares during the period. Private Advisor Group LLC’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $7,636,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of DBMF. Midwest Financial Group LLC grew its position in shares of iMGP DBi Managed Futures Strategy ETF by 0.4% during the 1st quarter. Midwest Financial Group LLC now owns 80,922 shares of the company’s stock worth $2,440,000 after buying an additional 344 shares in the last quarter. Proactive Wealth Strategies LLC raised its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 2.2% in the fourth quarter. Proactive Wealth Strategies LLC now owns 20,078 shares of the company’s stock valued at $563,000 after acquiring an additional 432 shares in the last quarter. Able Wealth Management LLC raised its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 8.5% in the first quarter. Able Wealth Management LLC now owns 8,147 shares of the company’s stock valued at $246,000 after acquiring an additional 641 shares in the last quarter. Orion Porfolio Solutions LLC lifted its stake in iMGP DBi Managed Futures Strategy ETF by 5.1% in the fourth 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 purchased a new stake in iMGP DBi Managed Futures Strategy ETF in the first quarter worth about $30,000.

iMGP DBi Managed Futures Strategy ETF Stock Performance

iMGP DBi Managed Futures Strategy ETF stock traded down $0.04 during midday trading on Tuesday, hitting $30.61. 109,015 shares of the company’s stock were exchanged, compared to its average volume of 1,506,814. The company has a market cap of $3.89 billion, a PE ratio of 24.50 and a beta of -0.20. The firm has a 50-day moving average of $30.85 and a two-hundred day moving average of $30.23. iMGP DBi Managed Futures Strategy ETF has a 12 month low of $25.34 and a 12 month high of $31.66.

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.