Naviter Wealth LLC Cuts Holdings in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Naviter Wealth LLC cut its position in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 75.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 262,206 shares of the company’s stock after selling 800,498 shares during the quarter. iMGP DBi Managed Futures Strategy ETF makes up about 1.4% of Naviter Wealth LLC’s holdings, making the stock its 15th biggest position. Naviter Wealth LLC owned approximately 1.03% of iMGP DBi Managed Futures Strategy ETF worth $6,754,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. AE Wealth Management LLC purchased a new position in iMGP DBi Managed Futures Strategy ETF in the third quarter valued at about $583,000. Strategic Blueprint LLC purchased a new position in iMGP DBi Managed Futures Strategy ETF in the third quarter valued at about $247,000. Commonwealth Equity Services LLC boosted its stake in iMGP DBi Managed Futures Strategy ETF by 1.0% in the third quarter. Commonwealth Equity Services LLC now owns 202,466 shares of the company’s stock valued at $5,851,000 after acquiring an additional 2,039 shares during the last quarter. Innova Wealth Partners boosted its stake in iMGP DBi Managed Futures Strategy ETF by 31.8% in the third quarter. Innova Wealth Partners now owns 296,827 shares of the company’s stock valued at $8,578,000 after acquiring an additional 71,620 shares during the last quarter. Finally, Litman Gregory Wealth Management LLC boosted its stake in iMGP DBi Managed Futures Strategy ETF by 2.2% in the third quarter. Litman Gregory Wealth Management LLC now owns 800,369 shares of the company’s stock valued at $23,131,000 after acquiring an additional 16,863 shares during the last quarter.

iMGP DBi Managed Futures Strategy ETF Stock Performance

DBMF traded down $0.48 during midday trading on Monday, reaching $29.73. The company had a trading volume of 173,089 shares, compared to its average volume of 321,159. The stock has a market cap of $992.98 million, a PE ratio of 24.50 and a beta of -0.14. iMGP DBi Managed Futures Strategy ETF has a 12-month low of $25.60 and a 12-month high of $30.21. The business has a 50-day moving average price of $28.31 and a two-hundred day moving average price of $27.55.

iMGP DBi Managed Futures Strategy ETF Company 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.