Valmark Advisers Inc. Sells 252,117 Shares of iMGP DBi Managed Futures Strategy ETF $DBMF

Valmark Advisers Inc. decreased its stake in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 53.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 218,130 shares of the company’s stock after selling 252,117 shares during the quarter. Valmark Advisers Inc. owned about 0.19% of iMGP DBi Managed Futures Strategy ETF worth $6,577,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. MBM Wealth Consultants LLC purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF in the 1st quarter worth about $30,000. Capital Advisors Ltd. LLC purchased a new stake in iMGP DBi Managed Futures Strategy ETF during the 1st quarter valued at about $34,000. MidAtlantic Capital Management Inc. bought a new stake in iMGP DBi Managed Futures Strategy ETF during the 4th quarter valued at about $48,000. LFA Lugano Financial Advisors SA increased its stake in iMGP DBi Managed Futures Strategy ETF by 50.1% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 3,033 shares of the company’s stock valued at $85,000 after purchasing an additional 1,013 shares in the last quarter. Finally, Lloyd Advisory Services LLC. purchased a new position in iMGP DBi Managed Futures Strategy ETF in the fourth quarter worth about $87,000.

iMGP DBi Managed Futures Strategy ETF Stock Up 0.1%

Shares of NYSEARCA DBMF traded up $0.04 during midday trading on Friday, hitting $30.80. The stock had a trading volume of 835,795 shares, compared to its average volume of 1,505,184. The business’s 50 day moving average is $30.85 and its 200-day moving average is $30.27. iMGP DBi Managed Futures Strategy ETF has a 52 week low of $25.34 and a 52 week high of $31.66. The company has a market cap of $3.81 billion, a P/E ratio of 24.50 and a beta of -0.20.

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.