iMGP DBi Managed Futures Strategy ETF $DBMF Position Reduced by Litman Gregory Wealth Management LLC

Litman Gregory Wealth Management LLC decreased its stake in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 1.1% in the second quarter, HoldingsChannel reports. The institutional investor owned 1,166,894 shares of the company’s stock after selling 13,319 shares during the period. iMGP DBi Managed Futures Strategy ETF comprises approximately 2.4% of Litman Gregory Wealth Management LLC’s holdings, making the stock its 9th largest position. Litman Gregory Wealth Management LLC’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $30,024,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. LPL Financial LLC raised its stake in shares of iMGP DBi Managed Futures Strategy ETF by 1,580.4% during the first quarter. LPL Financial LLC now owns 4,907,416 shares of the company’s stock valued at $123,961,000 after acquiring an additional 4,615,371 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in iMGP DBi Managed Futures Strategy ETF by 47.8% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,973,666 shares of the company’s stock worth $49,855,000 after purchasing an additional 638,360 shares in the last quarter. Raymond James Financial Inc. increased its holdings in iMGP DBi Managed Futures Strategy ETF by 166.5% during the 1st quarter. Raymond James Financial Inc. now owns 829,680 shares of the company’s stock worth $20,958,000 after purchasing an additional 518,346 shares during the period. CWM LLC raised its position in iMGP DBi Managed Futures Strategy ETF by 12.7% during the 1st quarter. CWM LLC now owns 2,779,372 shares of the company’s stock valued at $70,207,000 after purchasing an additional 312,802 shares in the last quarter. Finally, Rockland Trust Co. purchased a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the 2nd quarter worth $7,542,000.

iMGP DBi Managed Futures Strategy ETF Trading Up 0.4%

DBMF opened at $27.56 on Monday. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 24.50 and a beta of -0.14. iMGP DBi Managed Futures Strategy ETF has a 12-month low of $24.52 and a 12-month high of $27.80. The business’s fifty day simple moving average is $26.39 and its 200-day simple moving average is $25.74.

iMGP DBi Managed Futures Strategy ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 29th were given a dividend of $0.1411 per share. The ex-dividend date of this dividend was Monday, September 29th. This represents a $0.56 dividend on an annualized basis and a yield of 2.0%.

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.