Worth Asset Management LLC Reduces Position in iMGP DBi Managed Futures Strategy ETF $DBMF

Worth Asset Management LLC trimmed its holdings in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 47.3% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 49,825 shares of the company’s stock after selling 44,662 shares during the quarter. Worth Asset Management LLC’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $1,525,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. 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 valued at $2,440,000 after acquiring an additional 344 shares during the period. Integrated Advisors Network LLC increased its stake in shares of iMGP DBi Managed Futures Strategy ETF by 4.2% in the 1st quarter. Integrated Advisors Network LLC now owns 10,675 shares of the company’s stock worth $322,000 after purchasing an additional 427 shares in the last quarter. Proactive Wealth Strategies LLC raised its holdings in iMGP DBi Managed Futures Strategy ETF by 2.2% in the 4th quarter. Proactive Wealth Strategies LLC now owns 20,078 shares of the company’s stock worth $563,000 after purchasing an additional 432 shares during the period. Essential Partners LLC raised its holdings in iMGP DBi Managed Futures Strategy ETF by 2.7% in the 1st quarter. Essential Partners LLC now owns 24,202 shares of the company’s stock worth $730,000 after purchasing an additional 629 shares during the period. Finally, Able Wealth Management LLC raised its holdings in iMGP DBi Managed Futures Strategy ETF by 8.5% in the 1st quarter. Able Wealth Management LLC now owns 8,147 shares of the company’s stock worth $246,000 after purchasing an additional 641 shares during the period.

iMGP DBi Managed Futures Strategy ETF Stock Performance

NYSEARCA DBMF opened at $30.93 on Friday. The business’s fifty day moving average is $30.86 and its 200 day moving average is $30.59. iMGP DBi Managed Futures Strategy ETF has a fifty-two week low of $25.67 and a fifty-two week high of $31.66. The company has a market capitalization of $4.13 billion, a PE 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.