Worth Asset Management LLC Sells 19,549 Shares of iMGP DBi Managed Futures Strategy ETF $DBMF

Worth Asset Management LLC lessened its stake in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 17.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 94,487 shares of the company’s stock after selling 19,549 shares during the quarter. iMGP DBi Managed Futures Strategy ETF makes up 1.1% of Worth Asset Management LLC’s holdings, making the stock its 16th biggest holding. Worth Asset Management LLC owned approximately 0.08% of iMGP DBi Managed Futures Strategy ETF worth $2,849,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DBMF. JPMorgan Chase & Co. lifted its stake in shares of iMGP DBi Managed Futures Strategy ETF by 139,913.0% in the 4th quarter. JPMorgan Chase & Co. now owns 7,374,483 shares of the company’s stock valued at $206,928,000 after acquiring an additional 7,369,216 shares during the last quarter. TIAA Trust National Association bought a new stake in iMGP DBi Managed Futures Strategy ETF during the 4th quarter worth $87,820,000. Royal Bank of Canada grew its position in iMGP DBi Managed Futures Strategy ETF by 240.8% during the 4th quarter. Royal Bank of Canada now owns 759,975 shares of the company’s stock worth $21,325,000 after acquiring an additional 537,000 shares during the last quarter. Raymond James Financial Inc. increased its holdings in iMGP DBi Managed Futures Strategy ETF by 54.9% in the 2nd quarter. Raymond James Financial Inc. now owns 1,285,564 shares of the company’s stock worth $33,078,000 after purchasing an additional 455,884 shares in the last quarter. Finally, Axxcess Wealth Management LLC raised its position in iMGP DBi Managed Futures Strategy ETF by 107.0% in the fourth quarter. Axxcess Wealth Management LLC now owns 870,474 shares of the company’s stock valued at $24,425,000 after purchasing an additional 450,006 shares during the last quarter.

iMGP DBi Managed Futures Strategy ETF Trading Up 0.1%

iMGP DBi Managed Futures Strategy ETF stock opened at $30.96 on Tuesday. The stock has a 50-day moving average price of $30.82 and a two-hundred day moving average price of $30.12. iMGP DBi Managed Futures Strategy ETF has a 12 month low of $25.34 and a 12 month high of $31.66. The company has a market capitalization of $3.59 billion, a PE ratio of 24.50 and a beta of -0.21.

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.