iMGP DBi Managed Futures Strategy ETF $DBMF Shares Sold by AmeriServ Wealth Advisors

AmeriServ Wealth Advisors cut its stake in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 41.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 46,834 shares of the company’s stock after selling 32,646 shares during the quarter. iMGP DBi Managed Futures Strategy ETF makes up 0.8% of AmeriServ Wealth Advisors’ holdings, making the stock its 15th biggest holding. AmeriServ Wealth Advisors’ holdings in iMGP DBi Managed Futures Strategy ETF were worth $1,314,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fortitude Family Office LLC increased its stake in iMGP DBi Managed Futures Strategy ETF by 35.1% during the fourth quarter. Fortitude Family Office LLC now owns 448,656 shares of the company’s stock worth $12,589,000 after acquiring an additional 116,484 shares during the last quarter. Carrera Capital Advisors purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF in the 4th quarter worth about $5,490,000. FMA Wealth Management LLC acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF in the 4th quarter valued at about $6,944,000. Aspiriant LLC purchased a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the 4th quarter worth about $3,665,000. Finally, Worth Asset Management LLC grew its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 1,275.6% during the 4th quarter. Worth Asset Management LLC now owns 114,036 shares of the company’s stock worth $3,200,000 after purchasing an additional 105,746 shares during the period.

iMGP DBi Managed Futures Strategy ETF Stock Performance

DBMF opened at $31.41 on Wednesday. iMGP DBi Managed Futures Strategy ETF has a 1 year low of $25.26 and a 1 year high of $31.66. The firm has a 50 day moving average price of $30.58 and a 200 day moving average price of $29.88. The company has a market cap of $3.64 billion, a PE ratio of 24.50 and a beta of -0.21.

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.