Stonebridge Financial Group LLC decreased its position in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF – Free Report) by 21.8% during the 2nd quarter, HoldingsChannel reports. The fund owned 60,232 shares of the company’s stock after selling 16,815 shares during the quarter. Stonebridge Financial Group LLC’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $1,844,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Midwest Financial Group LLC grew its holdings 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 worth $2,440,000 after purchasing an additional 344 shares during the period. Integrated Advisors Network LLC increased its stake in iMGP DBi Managed Futures Strategy ETF by 4.2% during the 1st quarter. Integrated Advisors Network LLC now owns 10,675 shares of the company’s stock worth $322,000 after buying an additional 427 shares during the period. Proactive Wealth Strategies LLC increased its position in shares of iMGP DBi Managed Futures Strategy ETF by 2.2% during the fourth quarter. Proactive Wealth Strategies LLC now owns 20,078 shares of the company’s stock worth $563,000 after acquiring an additional 432 shares during the period. Essential Partners LLC raised its position 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 valued at $730,000 after purchasing an additional 629 shares in the last quarter. Finally, Able Wealth Management LLC lifted its stake in iMGP DBi Managed Futures Strategy ETF by 8.5% in the first quarter. Able Wealth Management LLC now owns 8,147 shares of the company’s stock worth $246,000 after acquiring an additional 641 shares during the last quarter.
iMGP DBi Managed Futures Strategy ETF Trading Down 0.9%
iMGP DBi Managed Futures Strategy ETF stock opened at $30.63 on Tuesday. The stock has a market cap of $4.09 billion, a P/E ratio of 24.50 and a beta of -0.20. The company has a fifty day simple moving average of $30.88 and a 200-day simple moving average of $30.54. iMGP DBi Managed Futures Strategy ETF has a 12-month low of $25.50 and a 12-month high of $31.66.
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.
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